Mirae Asset Launches New 'TIGER SpaceTech iSelect ETF'

Mirae Asset Global Investments announced on the 25th that it will newly list the ‘TIGER SpaceTech iSelect ETF’ on the Korea Exchange.

The ‘TIGER SpaceTech iSelect ETF’ invests in the space industry, covering various sectors centered on domestic aerospace, satellites, AI, and robotics. SpaceTech refers to the tech industry that realizes the ‘New Space era,’ where space development projects led by the government have transitioned to private companies. It is evaluated as having high growth potential as the next-generation future growth industry following secondary batteries and semiconductors.

With the opening of the New Space era led by private companies involving global corporations, the ‘TIGER SpaceTech iSelect ETF’ invests in rapidly growing domestic aerospace and satellite companies, leveraging the recent success of the third Nuri rocket launch, as well as AI, robotics, and 3D printer companies with global-level technological capabilities. The space industry is divided into the ‘upstream’ sector, which produces satellites and launch vehicles, and the ‘downstream’ sector, which combines 4th industrial revolution technologies such as AI, robotics, 3D printers, satellite imagery, and communications. As space launch competitiveness is established, the investment value in both upstream and downstream industries has increased.

The ETF’s underlying index is the ‘iSelect SpaceTech Index,’ composed of 20 stocks highly related to domestic aerospace, satellites, AI, robotics, and 3D printers. As of the 24th, the domestic aerospace and satellite industry accounts for about 60%, and the AI and robotics industry about 40%. Major stocks include Hanwha Aerospace, which oversees the Korean launch vehicle, Hanwha Systems, which possesses low-earth orbit satellite communication technology, Intellian Technologies, a satellite antenna manufacturer, and Kencoa Aerospace, which supplies parts to SpaceX.

To commemorate the launch of the ‘TIGER SpaceTech iSelect ETF,’ Mirae Asset Global Investments is conducting a listing event for customers trading this ETF. Customers who meet the daily trading and net purchase conditions of the target ETF at KB Securities and SK Securities will receive cultural gift certificates through a lottery and other methods. Detailed event information can be found on each securities company’s website.

Shin Seung-woo, manager of the ETF Operations Headquarters at Mirae Asset Global Investments, said, “Just as the secondary battery era began with Tesla’s listing in 2010, the listing of Starlink, SpaceX’s satellite internet service business, is expected to open the full-fledged New Space era,” adding, “‘TIGER SpaceTech iSelect ETF’ can be a way to proactively invest in SpaceTech, which will follow secondary batteries, and further in future growth industries.”

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