According to the Korea Exchange, as of May 30, the cumulative net purchases by individual investors in the TIGER US Philadelphia AI Semiconductor Nasdaq ETF amounted to 237.6 billion KRW. Since its listing on November 26, 2024, the fund has continued to attract inflows. It exceeded 200 billion KRW in cumulative net purchases by individual investors in just about six months.
The ETF tracks the 'PHLX US AI Semiconductor Index (ASOX)'. This is a new global semiconductor investment index announced by the Nasdaq Stock Market, about 30 years after the launch of the globally recognized Philadelphia Semiconductor Index (SOX) in 1993. The new index was introduced to reflect changes in the semiconductor industry brought about by the emergence of artificial intelligence (AI), and it is characterized by a higher AI weighting compared to the existing Philadelphia Semiconductor Index.
The AI semiconductor market is rebounding, and investor sentiment is recovering. Recently, Nvidia, the leading AI stock, reported first-quarter earnings that far exceeded market expectations, resulting in a significant rise in its share price. Its market capitalization has returned to 3.2 trillion USD. With the anticipated launches of 'Blackwell Ultra' and 'Vera Rubin' in the second half of this year, expectations for further share price increases are growing.
As the world’s first ETF to track the ASOX index, the 'TIGER US Philadelphia AI Semiconductor Nasdaq ETF' enables focused investment in the revitalized AI semiconductor market. The ETF concentrates on the AI semiconductor value chain, where cutting-edge manufacturing processes are essential, and excludes legacy chip companies that serve general industrial applications, thereby including only pure growth sector companies. The ETF allocates a 20% weighting to the top market capitalization stock, allowing for a higher concentration compared to the traditional Philadelphia Semiconductor Index.
Jung Hyun Jeong, Head of ETF Management at Mirae Asset Global Investments, stated, "With Nvidia's unrivaled roadmap and upward revisions in earnings estimates for AI semiconductor companies, the rally in the AI semiconductor market is reigniting. Through the 'TIGER US Philadelphia AI Semiconductor Nasdaq ETF', investors can most effectively invest in the growth momentum of the AI semiconductor market."
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