Mirae Asset's 'TIGER 2nd Battery Materials Fn ETF' Achieves 100 Billion KRW in Individual Net Purchases

Mirae Asset Global Investments announced on the 21st that the ‘TIGER 2nd Battery Materials Fn ETF’ achieved a net purchase of 100 billion KRW by individual investors within just 4 trading days after its listing. This is the fastest pace among domestic equity ETFs.

According to the Korea Exchange, the ‘TIGER 2nd Battery Materials Fn ETF’ recorded a cumulative net purchase by individuals of 104 billion KRW on the 18th. It surpassed 100 billion KRW in net purchases by individual investors faster than any other domestic equity ETF in history. Considering the previous shortest record was 16 trading days, this shows an unprecedented rapid growth in the domestic ETF market.

Listed newly on the 13th, the ‘TIGER 2nd Battery Materials Fn ETF’ set a new record for the highest net purchase by individuals on the listing day in the 16-year history of domestic ETFs, with 37.8 billion KRW purchased by individuals on the first day alone. Since then, strong buying momentum has continued steadily, and as of the 20th, its net assets exceeded 200 billion KRW.

The ‘TIGER 2nd Battery Materials Fn ETF’ tracks the ‘FnGuide 2nd Battery Materials Index,’ which focuses more on cathode materials and vertical integration compared to existing indices related to secondary battery materials. As of the 20th, the proportion of cathode material-related companies in this ETF approaches 90%, the highest among domestically listed secondary battery ETFs. The four core materials of secondary batteries are cathode materials, anode materials, electrolytes, and separators. Among these, cathode materials, which determine the capacity and output of electric vehicle batteries, are considered the most important. Additionally, with recent news about Tesla’s Cybertruck production, secondary battery material companies have attracted attention, further concentrating investment sentiment on the ‘TIGER 2nd Battery Materials Fn ETF.’

Kim Nam-gi, Head of ETF Management at Mirae Asset Global Investments, said, “The transition to electric vehicles is a mega trend with an impact comparable to the invention of PCs and mobile phones for humanity, and domestic secondary battery material companies leading this trend possess overwhelming global competitiveness. The TIGER 2nd Battery Materials Fn ETF will be a good means for investors to believe in and invest in the long-term growth potential of these companies.”

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