The TIGER China Global Leaders TOP3+ ETF focuses its investments on leading Chinese companies that are expected to become icons of future growth, with a particular emphasis on Alibaba, Xiaomi, and BYD. The ETF tracks the 'Solactive-KEDI China Global Leaders TOP3Plus Index,' which selects 10 stocks from technology sectors such as semiconductors, smartphones, electric vehicles, robotics, and biotech.
Alibaba, which represents China's AI sector from AI models to cloud infrastructure; Xiaomi, a leading Chinese IT hardware company driving the global smartphone market; and BYD, an electric vehicle company that has achieved the world's highest EV sales through vertical integration and technological prowess, are regarded as representative global innovation companies from China. The TIGER China Global Leaders TOP3+ ETF allocates 20% of its investments to each of these three companies. By concentrating 60% of its total investment on these Chinese leader companies, the ETF allows investors to participate in China's growth story.
The remaining seven companies are global top-tier firms in industries such as batteries, biotech, semiconductors, smartphones, and auto parts, each included at an equal weight of approximately 5.7%. As of June 16, major constituents include CATL, the world's leading battery manufacturer; Beigene, a company with FDA-approved cancer drugs; Will Semiconductor, the world's third-largest image sensor semiconductor company; and Shenzhen Transsion Holdings, the fourth-largest global smartphone company.
The TIGER China AI Software ETF invests in Chinese AI software companies that are experiencing rapid growth, driven by strong government support and world-class technological capabilities. The ETF tracks the 'Mirae Asset China AI Software Index,' which includes Chinese software companies listed on exchanges in China, Hong Kong, and the United States.
China is often referred to as the "country of deep sea," where AI software is developing at the fastest and most innovative pace. Backed by robust government support, a rich talent pool, and vast data resources, China has independently established an AI value chain that spans from infrastructure to applications. The TIGER China AI Software ETF focuses its investments on platform companies and AI service firms that are considered core to the AI value chain. As of June 16, major investment targets include Tencent, Baidu, iFlytek, and Alibaba.
Jung Hyun Chung, Head of ETF Management at Mirae Asset Global Investments, stated, "Chinese companies with global competitiveness are quickly gaining prominence in the global market, thanks to comprehensive government policy support and active technological investment. Through the TIGER China ETFs, investors can invest in innovative Chinese companies that are expected to achieve long-term growth based on a vast population and data resources."
To commemorate the launch of the two new TIGER China ETFs, Mirae Asset Global Investments is holding a listing event for trading customers. Some customers who meet daily trading conditions for these ETFs through SK Securities and Eugene Investment & Securities will receive cultural gift certificates as a reward.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
