Mirae Asset's TIGER Indo Billion Consumer ETF Surpasses 200 Billion KRW in Net Assets

Mirae Asset Global Investments announced on the 11th that the net assets of the ‘TIGER India Billion Consumer ETF (479730)’ have surpassed 200 billion KRW.

According to the Korea Exchange, as of the closing price on the 10th, the net assets of the TIGER India Billion Consumer ETF stand at 206.4 billion KRW. It exceeded 200 billion KRW in net assets in less than two months since its listing on May 14. The cumulative net purchase amount by individual investors from the listing date to the 10th reached 36 billion KRW.

The TIGER India Billion Consumer ETF invests in the top 20 representative consumer goods companies in India with growth potential. Key holdings include Tata Motors, India’s leading electric vehicle and commercial vehicle company; Titan Company, India’s luxury jewelry brand; Zomato, the Indian equivalent of Baedal Minjok (a popular food delivery service); and Hindustan Unilever, India’s largest consumer goods company.

Thanks to India’s rapid economic growth, the TIGER India Billion Consumer ETF is expected to benefit in the long term. India ranks 5th globally in terms of Gross Domestic Product (GDP) and is projected by the global credit rating agency S&P to have the fastest growth rate worldwide until 2027. The political uncertainty has been resolved with Prime Minister Modi’s third term, and steady increases in foreign direct investment (FDI), along with a young and abundant workforce, are expected to drive rapid economic growth.

Lee Jong-min, manager of the Global ETF Management Division at Mirae Asset Global Investments, explained, "India’s private consumption expenditure accounts for over 60% of GDP," adding, "It has a consumption-driven economic structure where domestic consumption is increasing faster than GDP growth." He continued, "This ETF invests in the most intuitive sectors that can directly benefit from India’s economic growth, allowing investors to tap into India’s structural growth potential and unlimited possibilities."