TIGER 2nd Battery Materials Fn ETF, Ranked No.1 in Individual Cumulative Net Purchases Since the Beginning of the Year

Mirae Asset Global Investments' ‘TIGER 2nd Battery Materials Fn ETF’ has ranked first in cumulative net purchases by individuals among domestically listed exchange-traded funds (ETFs) since the beginning of the year. This is attributed to the highlighted growth potential of cathode material-focused companies driven by the U.S. administration's Inflation Reduction Act (IRA).

According to the Korea Exchange on the 26th, as of the previous day, the cumulative net purchase amount by individuals for the ‘TIGER 2nd Battery Materials Fn ETF’ since the start of the year is 672.3 billion KRW. This is the largest scale among all domestic ETFs during the same period. It has been just over three months since its new listing in July. This is interpreted as sustained high interest in 2nd battery ETFs among domestic investors, with strengthened buying momentum due to the long-term growth potential of 2nd battery material companies, especially cathode materials, highlighted by the U.S. administration's Inflation Reduction Act.

This ETF concentrates investments in 2nd battery material stocks such as EcoPro, POSCO Holdings, EcoPro BM, POSCO Future M, and LG Chem. Its underlying index is the ‘FnGuide 2nd Battery Materials Index,’ which focuses on cathode materials and vertical integration. As of the previous day, the proportion of cathode material-related companies in this ETF approaches 90%, the highest among domestically listed 2nd battery ETFs. Among the four core materials of 2nd batteries?cathode, anode, electrolyte, and separator? the cathode material, which determines the capacity and output of electric vehicle batteries, is considered the most important material.

Shin Seung-woo, manager of the ETF management team at Mirae Asset Global Investments, said, "Although the stock prices of 2nd battery material companies have been sluggish recently due to concerns about an economic downturn, the long-term growth expectations in industries such as electric vehicles, especially centered in the U.S., remain valid. Through an ETF focused on vertically integrated 2nd battery materials, investors can invest in promising 2nd battery materials."

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