Mirae Asset Global Investments announced on the 18th that the net assets of the ‘TIGER Fn Semiconductor TOP10 ETF’ have surpassed 1 trillion KRW.
According to the Korea Exchange, as of the closing price on the 17th, the net assets of the TIGER Fn Semiconductor TOP10 ETF stand at 1.0228 trillion KRW. It is the largest among domestic semiconductor investment ETFs. This is the first time that a semiconductor investment ETF listed in Korea has exceeded 1 trillion KRW in net assets.
The TIGER Fn Semiconductor TOP10 ETF invests in 10 leading domestic semiconductor companies, including Samsung Electronics and SK Hynix. Semiconductors are considered one of the industries to directly benefit from the increasing product demand driven by the advancement of artificial intelligence (AI). With growing expectations for a semiconductor market recovery in the third quarter of this year, the ‘TIGER Fn Semiconductor TOP10 ETF,’ composed solely of stocks closely related to the semiconductor industry such as Samsung Electronics and SK Hynix, is expected to experience long-term growth.
Considering the high investment demand for semiconductor ETFs, Mirae Asset Global Investments will launch a leveraged product of the ‘TIGER Fn Semiconductor TOP10 ETF’ on the 23rd. The ‘TIGER Semiconductor TOP10 Leverage ETF (488080),’ which tracks twice the daily return of the underlying index ‘FnGuide Semiconductor TOP10 Index,’ is the first and only semiconductor sector leveraged ETF in Korea. Investors who have indirectly invested in semiconductor leverage through KOSPI 200 Leverage ETF, 200 IT Leverage ETF, and others are expected to be able to actively invest in the semiconductor industry going forward.
To commemorate the net asset milestone of 1 trillion KRW for the ‘TIGER Fn Semiconductor TOP10 ETF’ and the new listing of the ‘TIGER Semiconductor TOP10 Leverage ETF,’ Mirae Asset Global Investments is holding an event. Customers who certify ownership of at least one of the two ETFs by the 1st of next month will be entered into a draw to receive gifticons. Detailed event information can be found on the TIGER ETF website.
Shin Seung-woo, manager of the ETF Management Division at Mirae Asset Global Investments, said, "The semiconductor industry is expected to grow upward alongside the advancement of artificial intelligence," adding, "As we enter the full-fledged AI era, with a global semiconductor super cycle anticipated, those who want to invest effectively in the semiconductor industry can consider utilizing the TIGER Semiconductor ETF."
On the 15th, Mirae Asset Global Investments changed the index methodology of the ‘TIGER AI Semiconductor Core Process ETF,’ increasing the weighting of the top five companies?Hanmi Semiconductor, Ligno Industrial, Isu Petasys, Soulbrain, and HPSP?from 56% to 80%. Through this index change, it is expected to focus investment on leading domestic materials and components companies that are becoming the backbone of the global AI semiconductor industry. Detailed information regarding the index methodology change is available on the TIGER ETF website.
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