New Listing of Two TIGER Thematic Leveraged ETFs
[Asia Economy Reporter Junho Hwang] Mirae Asset Global Investments announced on the 15th that it will hold an event for customers trading two newly listed thematic leveraged ETFs.
The newly listed thematic leveraged ETFs are the "TIGER KRX BBIG K-New Deal Leverage ETF" and the "TIGER KRX Secondary Battery K-New Deal Leverage ETF."
These are leveraged products of BBIG and secondary batteries among the five series of "TIGER KRX K-New Deal ETF" (BBIG, Battery, Bio, Internet, Game) that were listed last October. The TIGER KRX K-New Deal ETF series has attracted over 1 trillion KRW in funds to date.
The underlying index is the "KRX BBIG K-New Deal Index," and the ETFs track twice the daily return of this index. The index selects the top three companies by market capitalization in each BBIG industry: ▲Battery - LG Chem, Samsung SDI, SK Innovation ▲Bio - Samsung Biologics, SK Bioscience, Celltrion ▲Internet - NAVER, Kakao, Douzone Bizon ▲Game - NCSoft, Krafton, Netmarble.
The TIGER KRX Secondary Battery K-New Deal Leverage ETF is a leveraged ETF targeting the secondary battery (Battery) sector within BBIG. The global electric vehicle market share is expected to expand from the current 4% to about 30% by 2030, with an average annual growth rate of 29% over the next decade. Expansion through entry into the U.S. market and the establishment of a battery supply chain outside China are also expected to boost domestic companies' performance.
The underlying index is the "KRX Secondary Battery K-New Deal Index," and the ETF tracks twice the daily return of this index. The index consists of 10 companies selected from KOSPI and KOSDAQ stocks, including secondary battery manufacturers and material producers: LG Chem, Samsung SDI, SK Innovation, EcoPro BM, L&F, POSCO Chemical, SKC, Iljin Materials, SK IE Technology, and Soulbrain.
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The trading event will be held through Kiwoom Securities and Eugene Investment & Securities until January 14 next year. The top 10 customers who trade a combined daily amount of 300 million KRW or more in the two thematic leveraged ETFs will receive a 50,000 KRW cultural gift certificate. Detailed information can be found on each securities firm's website.
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