Mirae Asset's Asia Hardware Tech Fund Surpasses 100 Billion KRW in Net Assets

Mirae Asset Global Investments announced on the 10th that its ‘Mirae Asset Asia Hardware Tech Fund,’ which focuses on investing in leading IT hardware companies in Asia, has surpassed 100 billion KRW in net assets.

According to fund evaluator KG Zeroin, as of the 7th, the net assets of the ‘Mirae Asset Asia Hardware Tech Fund’ stand at 112.5 billion KRW. It is the largest active overseas stock public fund (IT sector type) launched domestically.

Despite the prolonged slump in the domestic public fund market, the ‘Mirae Asset Asia Hardware Tech Fund’ recorded a cumulative return of 28.39% within one year since its launch in June 2023. During the same period, it outperformed the reference index ‘MSCI AC ASIA IT’ return (22.13%) and the domestic KOSPI return (3.10%) by 6.26 percentage points (p) and 25.29 p, respectively.

The ‘Mirae Asset Hardware Tech Fund’ selects and invests in IT hardware companies recognized for their growth potential and technological capabilities among Asian companies in Korea, China, Japan, and Taiwan. It focuses intensively on innovative themes such as robotics/artificial intelligence (AI) and semiconductors, which have recently become mega trends. Major holdings include TSMC, Samsung Electronics, SK Hynix, Tokyo Electron, Ibiden, Ulvac, Media Tek, ASE Technology, and DISCO.

Seo Yoon-seok, Research Team Leader at Mirae Asset Global Investments, stated, “The AI industry is the greatest revolution since the internet and smartphones, and the positive momentum that started with US big tech companies like Nvidia and AMD is spreading to the Asian IT sector, so continuous benefits are expected. Since Asia also hosts many excellent IT companies with global competitiveness, we will strive to discover and invest in related stocks.”

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