Mirae Asset Management Launches 'TIGER US Philadelphia AI Semiconductor Nasdaq ETF'

Mirae Asset Global Investments announced on the 26th that it will newly list the ‘TIGER US Philadelphia AI Semiconductor Nasdaq Exchange-Traded Fund (ETF)’ on the Korea Exchange.

The ‘TIGER US Philadelphia AI Semiconductor Nasdaq ETF’ is an ETF that selects and invests in companies leading the AI semiconductor market. It invests only in companies listed on the US stock market that are involved in the design and production of AI semiconductors within the semiconductor value chain. This includes AI-related companies in semiconductor design, equipment, foundry, EDA, and IP sectors. It focuses investments on fabless companies with AI accelerator-related sales and foundry companies with sales from sub-7nm ultra-fine processes.

The ETF’s underlying index is the ‘US AI Philadelphia Semiconductor Index (PHLX US AI Semiconductor Index, ASOX).’ This is a global semiconductor investment index newly launched after about 30 years since the Nasdaq Stock Market introduced the globally representative semiconductor index ‘PHLX Semiconductor Sector (SOX, US Philadelphia Semiconductor Index)’ in 1993. It is characterized by a higher AI weighting compared to the ‘US Philadelphia Semiconductor Index’ and was calculated through collaboration between Mirae Asset Global Investments and the Nasdaq Stock Market in the US last September.

The ‘TIGER US Philadelphia AI Semiconductor Nasdaq ETF,’ the world’s first ETF tracking the ASOX index, is expected to become a barometer for next-generation semiconductor investment. It is a so-called legacy-free portfolio that excludes stocks with low relevance to AI. It allows concentrated investment only in growth industries within the semiconductor sector. As of the 25th, major investment holdings include Nvidia (23.3%), TSMC (18.5%), and Broadcom (14.8%).

To commemorate the launch of the ‘TIGER US Philadelphia AI Semiconductor Nasdaq ETF,’ Mirae Asset Global Investments is conducting a listing celebration event for trading customers. Customers who meet the daily trading conditions for this ETF at SK Securities, Korea Investment & Securities, Daishin Securities, and Eugene Investment & Securities will receive cultural gift certificates through a lottery and other methods. Detailed event information can be found on each securities firm’s website.

Lee Jeong-hwan, Head of ETF Management Division 1 at Mirae Asset Global Investments, said, “As ‘AI’ emerges as a new growth theme, the global semiconductor market is undergoing rapid changes,” adding, “‘TIGER US Philadelphia AI Semiconductor Nasdaq ETF’ is a legacy-free semiconductor ETF leading the growth of next-generation AI semiconductors and will surely solve investment concerns in the AI era.”