TIGER Shipbuilding TOP10 ETF Surpasses 1 Trillion Won in Net Assets

Mirae Asset Global Investments announced on January 20 that the net asset value (NAV) of the 'TIGER Shipbuilding TOP10 ETF' has surpassed 1 trillion won.

According to the Korea Exchange, as of January 19, the NAV of the TIGER Shipbuilding TOP10 ETF stood at 1.1035 trillion won. The NAV has increased as individual investors continued to inject funds, driven by expectations of an improvement in the shipbuilding industry. In 2025, individual investors recorded a net purchase of 246.3 billion won, ranking first among domestic shipbuilding ETFs. After surpassing 500 billion won in NAV in August last year, the fund doubled its size in about five months.

The TIGER Shipbuilding TOP10 ETF is an ETF that focuses on investing in the top 10 domestic shipbuilding companies, including HD Hyundai Heavy Industries, HD Korea Shipbuilding & Offshore Engineering, Hanwha Ocean, and Samsung Heavy Industries. The combined weight of the top two companies by market capitalization, HD Hyundai Heavy Industries and Hanwha Ocean, is 52.86%, the highest among domestic shipbuilding ETFs. The combined weight of the top four companies is also 91.54%, forming a portfolio centered on large-cap shipbuilding stocks.

Major domestic shipbuilders are paying close attention to changes in the order environment, particularly for LNG carriers. Clarkson Research, a UK-based shipbuilding and shipping analysis firm, projected that global LNG carrier orders will reach 115 vessels this year, with new LNG projects and replacement demand for aging ships both contributing to the expansion in order volume. Clarkson Research analyzed that, as domestic shipbuilders’ construction capacity has reached a certain level, additional orders will drive up ship prices, leading to improved profitability and increased earnings for companies.

As U.S. defense spending moves beyond the “trillion-dollar nation” to the “two-quadrillion-won nation” era, the United States is pursuing the MASGA (Make American Shipbuilding Great Again) project, aiming to strengthen naval power and reorganize the defense industry infrastructure. Through this project, the U.S. is enhancing cooperation with allied countries in the maritime defense sector, including warships and naval support vessels. Large domestic shipbuilders with technological prowess and production capacity are being highlighted as key partners in the expansion of the U.S. defense industry.

Jung Huihyun, Head of ETF Management Division at Mirae Asset Global Investments, stated, “The Trump administration announced plans to increase the U.S. defense budget for 2027 to 1.5 trillion dollars, a 50% increase over the current budget.” He added, “Through the TIGER Shipbuilding TOP10 ETF, investors can effectively invest in large-cap shipbuilding stocks expected to benefit from the LNG cycle and increased U.S. defense spending.”