Mirae Asset's 'TIGER Global AI Active ETF' Surpasses 100 Billion KRW in Net Assets
Mirae Asset Global Investments announced on the 16th that the net assets of the ‘TIGER Global AI Active ETF’ have surpassed 100 billion KRW.
According to the Korea Exchange, as of the closing price on the 14th, the net assets of the ‘TIGER Global AI Active ETF’ stand at 118.6 billion KRW. It exceeded 100 billion KRW in net assets just seven months after its initial listing in October last year. With strengthened buying demand from individual investors, the cumulative net purchase amount by individuals since the beginning of the year is 50.1 billion KRW. It ranks first among AI-themed active ETFs listed domestically.
The ‘TIGER Global AI Active ETF’ actively manages by selecting representative global AI companies that align with the growth phase of the AI industry and market conditions. As the AI industry grows rapidly, the investment approach targets sectors expected to benefit according to the industrial growth phase over time, such as hardware, software, and services.
Currently, it mainly invests in big tech companies leading the AI industry, as well as semiconductor, server, and telecommunications equipment companies that produce essential AI hardware like GPUs and supercomputers. As of the 14th, major investment holdings include Nvidia (16.6%), Broadcom (4.8%), Microsoft (4.5%), TSMC (4.4%), and Amazon (4.3%).
Based on an active management strategy, the ‘TIGER Global AI Active ETF’ has recorded excellent returns. As of the 14th, the year-to-date return is 24.0%, outperforming the ETF benchmark index (Indxx Artificial Intelligence and Big Data) by 9.8 percentage points. This performance is also higher compared to the Nasdaq 100 Index (8.9%) during the same period.
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Jung Han-seop, Head of Global Research Team 2 at Mirae Asset Global Investments’ Global Investment Headquarters, said, "AI is a technology that will bring a paradigm shift and is expected to achieve long-term growth, playing a decisive role in evolving into the 5th Industrial Revolution. Through investment in the ‘TIGER Global AI Active ETF,’ which can flexibly manage the portfolio according to the industrial growth phase and market conditions, investors can benefit from the growth of the AI industry."
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