First Domestic Cloud, Chinese Electric Vehicle, and Biotech Company Investment ETFs Listed

Investment from Servers and Databases to Data Center Building REITs

[Asia Economy Reporter Minwoo Lee] Three exchange-traded funds (ETFs) investing in global cloud computing companies, China's electric vehicle industry, and biotech firms will be launched for the first time.

Mirae Asset Global Investments announced on the 8th that it will list three ETFs: 'TIGER Global Cloud Computing INDXX ETF,' 'TIGER China Electric Vehicle SOLACTIVE ETF,' and 'TIGER China Biotech SOLACTIVE ETF.' These are the first ETFs in Korea to invest in such companies.

The TIGER Global Cloud Computing INDXX ETF is based on the Global Cloud Computing Index. It invests in about 30 listed companies whose cloud computing-related revenue?including cloud servers, storage, databases, networking, and software?accounts for more than half of their total revenue. Companies with large public cloud revenue are also included, as well as component manufacturers and REITs (Real Estate Investment Trusts) for buildings used as data centers.

The TIGER China Electric Vehicle SOLACTIVE ETF tracks the 'Solactive China Electric Vehicle Index.' This product invests in China's rapidly growing electric vehicle industry amid expanding global EV demand.

It includes the top 20 market capitalization stocks listed on China's A-shares, the Hang Seng Index, and U.S. exchanges that belong to sectors such as electronics, automobiles, auto parts, industrial equipment, and specialty chemicals, and are engaged in manufacturing and sales related to electric vehicles.

The TIGER China Biotech SOLACTIVE ETF is based on the Solactive China Biotech Index. It invests in the top 30 biotech stocks listed in China, Hong Kong, and the U.S., which are expected to lead China's biotechnology sector. Biotech refers to all research and corporate activities dealing with human life phenomena and technologies handling bio-materials that form the foundation of new drug development.

These ETFs can be traded in real-time without currency exchange. In particular, when investing through pension accounts, taxation on capital gains and dividends is deferred, and they are taxed at a low pension income tax rate (3.3?5.5%), providing tax-saving benefits.

A listing commemorative event will be held through KB Securities until the 30th. Among customers who trade more than 400 million KRW daily in total ETFs, the top five will receive cultural gift certificates worth 50,000 KRW each.

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