TIGER Korea Nuclear Power ETF Surpasses 100 Billion Won in Net Assets

Mirae Asset Global Investments announced on September 15 that the net asset value of the 'TIGER Korea Nuclear Power ETF' has surpassed 100 billion won.

According to the Korea Exchange, as of the closing price on the 12th, the net asset value of the TIGER Korea Nuclear Power ETF reached 165.3 billion won. Less than a month after its listing on August 19, the fund’s net assets have exceeded 100 billion won. During this period, individual investors have rapidly poured money into the ETF, with cumulative net purchases by individuals reaching 45.9 billion won.

The TIGER Korea Nuclear Power ETF focuses its investments on the value chain of South Korea’s nuclear power plant exports. Its major holdings include Doosan Enerbility (25.7%), Hyundai Engineering & Construction (21.7%), and Korea Power Engineering Company (11.3%), all of which are related to small modular reactors (SMRs). The ETF enables concentrated investment in companies such as Doosan Enerbility, which has signed actual equity investment and supply contracts, and Hyundai Engineering & Construction, which holds the largest number of construction references both domestically and internationally. Unlike existing nuclear power ETFs, it does not include Korea Electric Power Corporation, thereby strengthening its connection to overseas nuclear power export momentum.

Doosan Enerbility and Hyundai Engineering & Construction are considered optimal investment destinations for capitalizing on the momentum of overseas nuclear power exports. Doosan Enerbility, rather than simply signing memorandums of understanding, has entered into substantial contracts and equity investments with leading U.S. SMR companies, heightening expectations for orders of key equipment. Hyundai Engineering & Construction is recognized as the only domestic company with capabilities in both large-scale nuclear power plant construction and next-generation SMR projects.

The TIGER Korea Nuclear Power ETF is expected to benefit in the long term as global demand for nuclear power rises due to carbon neutrality, energy security, and increased electricity demand in the era of artificial intelligence. South Korean nuclear power companies have not only extensive experience and proprietary technology but also strong competitiveness in meeting delivery deadlines, as evidenced by securing European references such as the Dukovany nuclear power plant project in the Czech Republic. In addition, ongoing collaborations with global companies, including those in the United States, are expected to further strengthen export competitiveness.

Jung Hyun Jeong, Head of ETF Management at Mirae Asset Global Investments, stated, "Among SMR-related companies, it is important to selectively invest in companies with proven competitiveness, such as Doosan Enerbility and Hyundai Engineering & Construction," adding, "'The TIGER Korea Nuclear Power ETF' is the optimal vehicle for long- and mid-term investment in the export competitiveness of South Korean nuclear power plants amid the global nuclear renaissance."