Mirae Asset's TIGER K-Defense & Space ETF Surpasses 100 Billion KRW in Net Assets

Mirae Asset Global Investments announced on the 28th that the net asset value of the 'TIGER K-Defense & Space ETF' has surpassed 100 billion KRW.

According to the Korea Exchange, as of the 25th, the net asset value of the TIGER K-Defense & Space ETF stood at 106.4 billion KRW. This marks a significant increase from 21 billion KRW at the end of last year. Since the beginning of this year, growing expectations for South Korea's defense industry have led to a substantial inflow of individual investor funds.

Driven by the rise in defense company stock prices, the TIGER K-Defense & Space ETF recorded a 68% return as of the 16th. During this period, it ranked first in returns among all 204 TIGER ETF products.

The TIGER K-Defense & Space ETF is a product that focuses on leading K-defense companies. As of the 25th, approximately 90% of investments were allocated to five major South Korean defense companies: Hanwha Aerospace, Korea Aerospace Industries, Hyundai Rotem, LIG Nex1, and Hanwha Systems. In addition, the ETF includes companies in the aerospace sector such as Poongsan, Satrec Initiative, Intellian Technologies, and M&C Solution, which are involved in satellite and other space-related industries.

South Korea's defense industry has a low export ratio to the United States, making it less affected by tariff policies. It is also expected to benefit from the expansion of military spending by European countries. Furthermore, rising tensions in the South China Sea, driven by China's maritime policies, are increasing the potential for export growth.

The aerospace sector is drawing even greater attention. In the context of ceasefire negotiations with Ukraine, the United States has highlighted the significance of military support and the blocking of Starlink, underscoring the influence of low-orbit satellites and the aerospace industry in modern warfare. Against this backdrop, South Korea's aerospace industry is expanding development in areas such as fighter jets, missiles, avionics, and aircraft engines, thereby strengthening its competitiveness.

Jung Hyun Jeong, Head of ETF Management at Mirae Asset Global Investments, stated, "The TIGER K-Defense & Space ETF is delivering outstanding performance, driven by rising stock prices and increased investor inflows," adding, "Given that the main growth area for the defense industry going forward is aerospace, investors should pay attention to the TIGER K-Defense & Space ETF, which invests in leading defense companies while being open to the aerospace sector."

Mirae Asset Global Investments is holding an event to celebrate the TIGER K-Defense & Space ETF's top return among TIGER ETFs. Until May 23, participants who answer a quiz correctly will be entered into a drawing to receive a Starbucks gifticon worth 10,000 KRW.