Mirae Asset, Launches New 'TIGER Korea Tech Active ETF'

Mirae Asset Global Investments announced on the 28th that it will newly list the ‘TIGER Korea Tech Active ETF’ on the Korea Exchange.

The ‘TIGER Korea Tech Active ETF’ focuses on investing in Korea’s innovative companies leading trend changes, especially IT (Information Technology) and biotech companies.

Looking at the stock price trends by sector over the past 20 years, steady capital inflows have been seen in the IT, biotech, and consumer discretionary (centered on the automobile sector) sectors, and related companies have increased their corporate value through continuous stock price rises.

Moreover, with recent forecasts that the U.S. interest rate hike cycle has effectively ended, growth stocks leading the Korean economy, as well as the IT and biotech sectors, are receiving even more attention.

The ‘TIGER Korea Tech Active ETF’ invests broadly in the ‘tech’ sector, not limited to IT, including secondary batteries, semiconductors, autonomous driving, biotech, new drugs, and AI. It boldly selects specific sectors with competitiveness and growth potential and constructs a concentrated portfolio by selecting core stocks within those sectors.

As an active ETF, it establishes an investment strategy aiming for excess returns compared to the benchmark index (KRX Information Technology Index) and actively manages the included stocks.

Also, since differences in corporate profits and stock price trends can appear even among stocks within the same sector, representative stocks within the industry are screened to compress the number of stocks for investment.

Among the detailed stocks, the semiconductor and display sector includes Samsung Electronics, SK Hynix, Zeus, ISC, Doosan Testna, and Inox Advanced Materials; the secondary battery sector includes EcoPro BM and Samsung SDI. In the biotech sector, there are new drug development companies such as Yuhan Corporation and Hanmi Pharmaceutical, platform technology holders Alteogen and Peptron, and medical AI service provider JLK.

Mirae Asset Global Investments is conducting a listing commemorative event for customers trading the newly launched ETF. Customers who meet the daily trading and net purchase conditions of the ‘TIGER Korea Tech Active ETF’ at SK Securities and Daishin Securities will be entered into a draw to receive cultural gift certificates. Detailed event information can be found on each securities firm's website.

Hwang Jun-hyuk, head of the Research Division at Mirae Asset Global Investments, said, “At a time when the interest rate hike cycle is ending and a rebound in growth stocks is expected, differentiated investment strategies are necessary for market-beating investments. The TIGER Korea Tech Active ETF selects Korea’s innovative sectors that are one step ahead of trend changes and plans to manage more actively and dynamically by selecting leading stocks that possess both technological capability and growth potential within those sectors.”

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