Mirae Asset K-New Deal ETF Surpasses 500 Billion KRW in Net Assets

The Largest Average Daily Trading Volume in the Industry

[Asia Economy Reporter Minwoo Lee] Mirae Asset Global Investments' K-New Deal exchange-traded fund (ETF) product group has surpassed 500 billion KRW in net assets.

Mirae Asset Global Investments announced on the 20th that the net assets of the 'TIGER K-New Deal ETF Series,' which focuses on investing in 'BBIG' companies such as battery, bio, internet, and gaming, have exceeded 500 billion KRW.

Since its listing on the 7th, the total size has grown to 549.5 billion KRW, including 224 billion KRW for 'TIGER KRX BBIG K-New Deal ETF,' 191.5 billion KRW for 'TIGER KRX Secondary Battery K-New Deal ETF,' 53.4 billion KRW for 'TIGER KRX Bio K-New Deal ETF,' 48.4 billion KRW for 'TIGER KRX Internet K-New Deal ETF,' and 32.2 billion KRW for 'TIGER KRX Game K-New Deal ETF.' As of the day before, the average daily trading volumes were 1.32 million shares, 860,000 shares, 360,000 shares, 450,000 shares, and 390,000 shares respectively, the highest among K-New Deal ETFs in the industry.

This product is based on 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 gaming industries equally weighted. Additionally, the KRX Secondary Battery, Bio, Internet, and Game K-New Deal indices each consist of 10 stocks, where the top three stocks equally account for 75%, and the remaining seven stocks are weighted by free-float market capitalization for 25%. Unlike the traditional method, this approach increases the weighting of top market capitalization stocks, allowing concentrated investment in leading stocks of future growth industries. To minimize tracking error, the fund is managed by fully replicating the underlying indices.

Meanwhile, the total net assets of Mirae Asset Global ETFs, which have expanded into nine countries including Korea, recently surpassed 50 trillion KRW. Targeting advanced markets such as the United States, Canada, Australia, and Japan, as well as emerging markets like India, Brazil, and Colombia, it ranks 16th in net asset size among global asset managers.

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