Mirae Asset Lists K-New Deal Related ETFs... Focused Investment in BBIG Companies

Listing Commemoration Event Held... Cultural Gift Certificates Presented to a Total of 50 People

[Asia Economy Reporter Minwoo Lee] Mirae Asset Global Investments is launching exchange-traded fund (ETF) products related to the K-New Deal and holding events for customers.

Mirae Asset Global Investments announced on the 7th that it will list the 'TIGER K-New Deal ETF Series.' These products focus on investing in BBIG (Bio, Battery, Internet, Game) companies. This is based on the judgment that the BBIG industries are expected to benefit from the Korean New Deal due to their differentiated growth momentum and global competitiveness. A representative from Mirae Asset Global Investments explained, "The comprehensive plan announced by the government last July is largely divided into Digital New Deal, including 5G, cloud, and big data, and Green New Deal, including eco-friendly future mobility. These core tasks are closely connected with BBIG in many aspects."

The underlying indices consist of a total of five types: the 'KRX BBIG K-New Deal Composite Index' and four industry-specific indices. The KRX BBIG K-New Deal Index is composed of 12 stocks, with the top three by market capitalization in each of the battery, bio, internet, and game industries, equally weighted. The KRX Secondary Battery, Bio, Internet, and Game K-New Deal indices each consist of 10 stocks, where the top three stocks hold 75% equally weighted, and the remaining seven stocks account for 25% weighted by free-float market capitalization.

Unlike the existing method, the BBIG industry-specific indices increase the weight of top market capitalization stocks, allowing investors to focus on leading stocks in future growth industries. The TIGER K-New Deal ETF Series operates the underlying indices using a full replication method to minimize tracking error. Additionally, these are private New Deal funds, and losses may occur from investments similar to general equity ETFs.

The listing commemorative event will be held through Mirae Asset Daewoo until the 6th of next month. Among customers who trade more than 400 million KRW daily in each of the five target ETFs, the top 10 and a total of 50 people daily will receive a 50,000 KRW cultural gift certificate.

Kwon Oh-sung, Head of ETF Marketing at Mirae Asset Global Investments, said, "Major BBIG stocks are leading the domestic stock market as the digital connect environment has been established due to COVID-19," adding, "While the top BBIG companies by market capitalization with competitiveness have high growth potential themselves, they can gain even more momentum in growth when combined with the Korean New Deal policy."

This content was produced with the assistance of AI translation services.