TIGER US AI Power SMR ETF Newly Listed

The Ultimate SMR ETF
with Maximum Allocation to NuScale Power and Oklo

Mirae Asset Global Investments announced on November 4 that it will list the 'TIGER US AI Power SMR ETF' on the Korea Exchange.

The TIGER US AI Power SMR ETF invests in ten leading power infrastructure companies listed in the United States. The ETF focuses on SMR leaders that are AI power game changers, such as NuScale Power and Oklo, and also concentrates investments in companies related to gas turbines (GE Vernova) and fuel cells (Bloom Energy) that can directly supply power to data centers.

Small Modular Reactors (SMRs) are next-generation power sources optimized for the electricity requirements of data centers. The US government has designated SMRs as a key pillar for data center power supply and demand, and is strengthening strategic support such as streamlining licensing processes and providing tax benefits.

The TIGER US AI Power SMR ETF invests most heavily in NuScale Power and Oklo, which are currently leading the global SMR market. NuScale Power possesses a modular reactor (NPM) that is the first among SMR companies to receive design certification from the US Nuclear Regulatory Commission (NRC). Oklo, a company invested in by OpenAI CEO Sam Altman, is recognized as a leading fourth-generation SMR company specializing in meeting the power demand of data centers.

This ETF allows investors to access core US AI power infrastructure companies related to on-site generation and data center-specialized power generation in a single investment. On-site generation refers to producing and supplying electricity within the data center without connecting to the power grid, with SMRs, gas turbines, and fuel cells as representative technologies. Key companies in this area include Bloom Energy, GE Vernova, and Centrus Energy. Data center-specialized power generation supplies electricity directly through power purchase agreements in nearby areas and uses energy storage systems (ESS) to optimize storage and supply efficiency according to demand. Constellation Energy is a leading company in this field.

Kim Namho, Head of Global ETF Management at Mirae Asset Global Investments, stated, "While power demand is surging due to the proliferation of AI data centers, the US power infrastructure supply chain is experiencing bottlenecks, which is driving the rapid emergence of SMRs, gas turbines, and fuel cells as new AI power sources."

He added, "Through the TIGER US AI Power SMR ETF, investors can actively invest in the US AI power infrastructure industry, including SMR leaders like NuScale Power and Oklo, which are expected to see long-term growth."

To commemorate the launch of the TIGER US AI Power SMR ETF, Mirae Asset Global Investments will hold a listing event for trading customers. Some customers who meet the trading conditions for this ETF through SK Securities will receive cultural gift certificates.