[2021 Capital Investment Awards] 'TIGER China Electric Vehicle ETF' Top Returns
Best Fund Award - TIGER China Electric Vehicle ETF
[Asia Economy Reporter Junho Hwang] Mirae Asset Global Investments' TIGER China Electric Vehicle SOLACTIVE Exchange Traded Fund (ETF) achieved the best performance among domestic funds this year, winning the Best Fund Award at the 2021 Asia Capital Investment Awards.
The TIGER China Electric Vehicle SOLACTIVE ETF recorded a return of 70.53% from the beginning of this year until the 6th. It ranks among the top-performing ETFs listed domestically. Recently, as KOSPI volatility increased, individual investors injected 712.1 billion KRW over five weeks from the 1st of last month to the 3rd, resulting in a net asset increase of about 3 trillion KRW throughout the year.
This fund is an ETF that invests comprehensively in the Chinese electric vehicle value chain. It tracks an index composed of the top 20 companies by market capitalization among Chinese companies listed in China and the United States that are engaged in electric vehicle manufacturing and sales. Included are Gangfeng Lithium, China's largest lithium mining company; CATL, the number one electric vehicle battery producer in China and third worldwide; and Wuxi Lead Intelligent Equipment, which holds a 60% market share in China's lithium battery winding machine market. Also included are BYD, China's number one and the world's second-largest electric vehicle company and the second-largest battery market player in China; EVE Energy, holding a 60% market share in China's lithium secondary battery market; and Shenzhen Innovance, the leading company in China's converter and servo market.
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Mirae Asset Global Investments is also performing well in overseas ETFs. Mirae Asset has listed and operates ETFs in 10 countries including Korea, the United States, Canada, and Hong Kong. As of the end of October, the total net asset size is 95.5576 trillion KRW, managing a larger amount of funds than the domestic ETF market, which is about 68.1 trillion KRW.
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