Mirae Asset Global Investments, 'TIGER Fn Renewable Energy ETF' Trading Customer Event

[Asia Economy Reporter Minji Lee] Mirae Asset Global Investments announced on the 15th that it will hold an event for customers trading the ‘TIGER Fn Renewable Energy ETF’.

The TIGER Fn Renewable Energy ETF is a domestic equity product that invests in Korean renewable energy companies with global competitiveness. Interest in alternative energy has increased due to global warming and environmental issues, leading to continuous growth in renewable energy investments. Additionally, power generation costs have decreased, gradually enhancing competitiveness. Since the 2015 Paris Climate Agreement, governments worldwide, including South Korea, have introduced various carbon neutrality policies, and the renewable energy market is expected to grow significantly in the future.

The underlying index is the ‘FnGuide Renewable Energy Index.’ FnGuide extracts renewable energy-related stocks listed on the KOSPI and KOSDAQ through AI keyword searches, then selects the universe by considering trading volume, market capitalization, and relevance to renewable energy. After confirming the constituent stocks through sales relevance analysis, the index is calculated using a free-float market capitalization weighting method.

As of the end of last month, the index consists of a total of 18 stocks: 7 wind energy stocks, 6 solar energy stocks, and 4 hydrogen energy stocks. The composition weights are 40% wind energy, 41% solar energy, and 17% hydrogen energy. The ‘TIGER Fn Renewable Energy ETF’ is managed to track the daily fluctuations of the underlying index through a physical full replication strategy.

The event will be held through KB Securities until the 9th of next month. During the event period, the top 5 customers who trade ETFs totaling 300 million KRW or more, including the ‘TIGER Fn Renewable Energy ETF,’ will receive a 50,000 KRW cultural gift certificate.

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