Mirae Asset's 'TIGER Fn Bandochae TOP10 ETF' Surpasses 500 Billion KRW in Net Assets

Mirae Asset Global Investments' ‘TIGER Fn Semiconductor TOP10 ETF’ is gaining attention as its net assets surpass 500 billion KRW.

According to Mirae Asset Global Investments on the 6th, the net assets of the ‘TIGER Fn Semiconductor TOP10 ETF’ stood at 561.9 billion KRW based on the previous day's closing price. Since its listing in August 2021, this fund has grown into the largest semiconductor exchange-traded fund (ETF) listed domestically in just over two years. As of the previous day, the net asset increase since the beginning of the year was 514.4 billion KRW, ranking first among domestically listed semiconductor ETFs.

The TIGER Fn Semiconductor TOP10 ETF focuses its investments on the top 10 semiconductor companies in Korea. As of the previous day, the combined weight of Samsung Electronics and SK Hynix, the leading domestic semiconductor stocks, was about 53%, the highest among semiconductor ETFs listed in Korea. The fund's competitiveness is expected to strengthen further. Recently, interest in HBM (High Bandwidth Memory) for artificial intelligence (AI) has increased, and following SK Hynix, Samsung Electronics has also entered the HBM market.

Shin Seung-woo, manager of the ETF management division at Mirae Asset Global Investments, said, “Among various semiconductor ETFs, this fund attracts significant investor interest due to its clear portfolio focused on top stocks,” adding, “It offers an opportunity to invest in the domestic semiconductor market, which now has a new growth engine in HBM.”

Meanwhile, Mirae Asset Global Investments recently launched the ‘TIGER Japan Semiconductor FACTSET ETF,’ which invests in Japanese semiconductors by leveraging the group’s global network. It tracks the same index as the ‘Global X Japan Semiconductor ETF,’ the flagship product of Global X, Mirae Asset’s ETF management subsidiary, and the first Japanese semiconductor investment ETF listed on the Tokyo Stock Exchange. As of the end of August, the total net assets of ETFs managed by Mirae Asset Global Investments worldwide reached 133 trillion KRW.

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