Mirae Asset Global Investments announced on December 18 that the net assets of the 'TIGER Semiconductor TOP10 ETF' have surpassed 2 trillion won.
According to the Korea Exchange, as of the closing price on December 17, the net assets of the 'TIGER Semiconductor TOP10 ETF' amounted to 2.1686 trillion won, making it the largest among domestic equity-type semiconductor ETFs.
The TIGER Semiconductor TOP10 ETF has seen rapid inflows of capital in the second half of this year, as expectations for a semiconductor supercycle have spread in earnest. Since the end of August, the net assets have increased by 1.4609 trillion won as of December 17. During the same period, it has grown to become the largest among domestic equity-type semiconductor ETFs.
The TIGER Semiconductor TOP10 ETF invests 25% each in Samsung Electronics and SK Hynix, both of which have led this year’s stock market rally, as well as in a total of 10 leading domestic semiconductor companies. By combining various growth themes such as artificial intelligence (AI) semiconductors, high bandwidth memory (HBM), and DRAM into a single portfolio, it provides the most direct way to invest in the trends of Korea's semiconductor industry.
Jung Hyun Jeong, Head of ETF Management at Mirae Asset Global Investments, stated, "Spot prices are rising rapidly due to a shortage of memory semiconductors in the market," adding, "There has also been a significant increase in demand from investors seeking to participate in the full-fledged growth of the semiconductor industry."
He further explained, "As Korea’s leading semiconductor ETF, the 'TIGER Semiconductor TOP10 ETF' will continue to serve as a core investment vehicle representing the Korean semiconductor industry."
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