Mirae Asset 'TIGER Travel Leisure ETF' Surpasses 200 Billion KRW in Net Assets

[Asia Economy Reporter Hwang Yoon-joo] Mirae Asset Global Investments announced on the 7th that the net assets of the ‘TIGER Travel Leisure ETF’ have surpassed 200 billion KRW.

According to the Korea Exchange, as of the closing price on the 4th, the net assets of the TIGER Travel Leisure ETF stand at 209.4 billion KRW. This ETF, listed in October 2015, has seen net assets exceed 200 billion KRW for the first time in 6 years and 5 months, driven by expectations of reopening (resumption of economic activities), with net purchases by individuals amounting to 18 billion KRW, banks 7.9 billion KRW, and pension funds, etc., 8.1 billion KRW since the beginning of the year.

Recently, as the number of vaccinated people worldwide increases and the milder Omicron variant emerges, countries are announcing the easing of quarantine regulations. Although the travel leisure industry has undergone restructuring over the past two years, a rapid recovery in business conditions is expected along with the revitalization of the face-to-face economy once regulations are relaxed.

The TIGER Travel Leisure ETF invests in the domestic travel leisure industry, including the airline industry. The ETF’s underlying index is the ‘WISE Travel Leisure’. This index selects constituent stocks based on competitiveness, company size, and business performance from companies generating revenue or having business plans in the travel leisure sector. The index is calculated using a market capitalization-weighted method, with a maximum individual stock inclusion limit of 10%. The index is rebalanced quarterly. As of the end of February, it consists of 19 stocks including Kangwon Land, Hotel Shilla, Asiana Airlines, Hana Tour, and Paradise.

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