Mirae Asset Management's Domestic Equity 'TIGER TOP10 Series' 9 Types Surpass Total Net Assets of 2.5 Trillion Won

Mirae Asset Global Investments announced on the 19th that the total net assets of the nine domestic equity ‘TIGER TOP10 Series’ have surpassed 2.5 trillion KRW.

The ‘TIGER TOP10 Series’ is an exchange-traded fund (ETF) that employs a strategy of concentrating investments in the top 10 stocks by market capitalization. It was first introduced domestically in March 2018 when Mirae Asset Global Investments launched the ‘TIGER Top10 ETF,’ which invests in leading domestic stocks. According to the Korea Exchange, as of the closing price on the 13th, the total net assets of the nine domestic equity ‘TIGER TOP10 Series’ ETFs amount to 2.6482 trillion KRW.

The flagship product, ‘TIGER Fn Semiconductor TOP10 ETF,’ had net assets of 721.3 billion KRW as of the 13th. It is the largest semiconductor investment ETF in Korea. It invests in the top 10 semiconductor stocks by market capitalization in Korea, including the country’s semiconductor leaders ‘Samsung Electronics (25%)’ and ‘SK Hynix (25%).’

Beyond semiconductors, the TIGER TOP10 ETFs themed around secondary batteries, bio, gaming, and internet invest 25% each in the top three stocks by market capitalization within their respective themes, totaling 75%, providing a solution to focus investments on leading companies in growth industries. As of the 13th of this month, the top three holdings of the ‘TIGER Secondary Battery TOP10 ETF’ are ‘LG Energy Solution,’ ‘Samsung SDI,’ and ‘POSCO Holdings,’ while the ‘TIGER Bio TOP10 ETF’ holds ‘Samsung Biologics,’ ‘Celltrion,’ and ‘Alteogen’ as its top three stocks.

Listed in October 2023, the ‘TIGER Bank High Dividend Plus TOP10 ETF (466940)’ concentrates investments on the top 10 high-dividend stocks by adding quality insurance stocks to the representative high-dividend bank stocks. Benefiting from expectations of government value-up policies, it recorded a 34.7% return year-to-date as of the 13th, ranking first in returns among domestically listed high-dividend ETFs (by stock name) and bank stock ETFs, which are representative high-dividend stocks.

Additionally, through the ‘TIGER TOP10 Series,’ investors can leverage investments in leading growth industry stocks with products such as the ‘TIGER Semiconductor TOP10 Leverage ETF (488080)’ and the ‘TIGER Secondary Battery TOP10 Leverage ETF.’ Both of these ETFs exclude over-the-counter derivatives such as swaps and only hold ETFs, listed stocks, and derivatives traded on the exchange, making them the only domestic secondary battery leverage and inverse ETFs that are effectively exempt from capital gains tax on trading profits.

Jung Eui-hyun, head of the ETF management team at Mirae Asset Global Investments, said, “Looking at changes in foreign ownership in the domestic stock market, the average foreign ownership ratio of the top 50 companies by market capitalization increased by 2.3% as of the 13th compared to the end of 2023, but this drops to 1.3% when expanded to the top 200 companies. As interest in quality and leading stocks continues in the domestic market, the TIGER TOP10 Series will be an excellent investment tool suited to this trend.”