Mirae Asset Global Investments announced on the 26th that the 'TIGER US Philadelphia AI Semiconductor Nasdaq ETF' has surpassed 100 billion KRW in cumulative net purchases by individuals since its listing date.
According to the Korea Exchange, as of the 24th, the cumulative net purchase amount by individuals for the TIGER US Philadelphia AI Semiconductor Nasdaq ETF stands at 118.8 billion KRW. Since its listing on November 26, continuous capital inflows have pushed the amount past 100 billion KRW within 17 trading days.
The underlying index of the TIGER US Philadelphia AI Semiconductor Nasdaq ETF is the US AI Philadelphia Semiconductor Index (ASOX). Since the Nasdaq Stock Market introduced the Philadelphia Semiconductor Index (SOX), a global representative semiconductor index, in 1993, this is the first new global semiconductor investment index announced in over 30 years. The index reflects changes in the semiconductor industry brought about by the emergence of AI, characterized by a higher AI weighting compared to the existing US Philadelphia Semiconductor Index.
The TIGER US Philadelphia AI Semiconductor Nasdaq ETF, the world's first ETF tracking the ASOX index, features a legacy-free semiconductor portfolio. It focuses investments on fabless, IP & EDA, equipment, back-end process, and foundry companies within the AI semiconductor industry's value chain produced by cutting-edge processes, while excluding general industrial legacy semiconductor companies. This approach selects only growth industries within the semiconductor sector, which is a mix of cyclical and growth industries.
Major investment holdings of the TIGER US Philadelphia AI Semiconductor Nasdaq ETF include Broadcom, Nvidia, and TSMC. As of the 24th, Broadcom, leading in the AI-customized ASIC semiconductor field among big tech companies, holds the largest weight at 20%. Nvidia's weighting is 19%.
Jung Eui-hyun, head of the ETF management team at Mirae Asset Global Investments, explained, "AI semiconductor demand is increasing among big tech companies, with xAI and OpenAI competing to establish the largest data centers in Texas, USA." He added, "Not only companies but also AI is influencing all areas of national technological hegemony and national security, making it necessary to build AI computing power at the national level. Therefore, AI semiconductor demand is expected to surge further."
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