Mirae Asset Global Investments announced on December 22 that the 'TIGER US Tech TOP10 INDXX' exchange-traded fund (ETF) has newly included Palantir, a leading American artificial intelligence (AI) software company.
This inclusion of Palantir is a result of the December regular rebalancing of the fund's underlying index, the 'Indxx US Tech TOP10.' The 'Indxx US Tech TOP10' index consists of the top 10 tech companies by market capitalization listed on the US NASDAQ market.
Palantir will also be included through this regular adjustment in the 'TIGER US Tech TOP10 INDXX(H) ETF (472160),' a currency-hedged product tracking the same underlying index, as well as in the 'TIGER US Tech TOP10 Bond Mix ETF,' which diversifies investments across stocks and bonds.
Palantir began as a data analytics company focused on government, defense, and intelligence agencies, but has recently evolved into a platform company integrating AI into the decision-making and overall operations of software users, establishing a unique position within the US tech industry. In December of last year, it was included in the NASDAQ 100 index for the first time, joining the ranks of global core tech companies, and is rapidly expanding its influence in the enterprise AI software market.
Mirae Asset Global Investments is producing and presenting related content to provide investors with practical information about Palantir. On December 19, the company released an interview video with Akshay Krishnaswamy, Chief Architect of Palantir, filmed during a direct visit to Palantir's headquarters in New York, on its official YouTube channel, Smart Tiger. Starting with this, a total of three Palantir-related videos will be released sequentially.
Kim Namho, Head of Global ETF Management at Mirae Asset Global Investments, stated, "Palantir is rapidly emerging as a leading AI software company in the global tech market. With this inclusion, we expect the product to more faithfully reflect the latest trends in the US tech industry." He added, "Mirae Asset Global Investments will continue to organically combine management and content to help investors gain a deeper understanding of the growth stories of key US tech companies."
Meanwhile, Mirae Asset Global Investments is holding a 'Palantir Inclusion Commemoration! TIGER US Tech TOP10 INDXX ETF Purchase Certification Event.' From today until January 16 next year, customers who certify the purchase of at least one share of the TIGER US Tech TOP10 INDXX ETF will be entered into a drawing to win a Twosome Place gifticon, with 100 winners selected. Further details can be found on the TIGER ETF website.
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