Mirae Asset Management's 'TIGER Global On-Device AI ETF' Surpasses 100 Billion KRW in Net Assets
Mirae Asset Global Investments announced on the 18th that the net assets of the 'TIGER Global On-Device AI Exchange Traded Fund (ETF)' have surpassed 100 billion KRW.
According to the Korea Exchange, as of the closing price on the 17th, the net assets of the 'TIGER Global On-Device AI ETF' stand at 115 billion KRW. It exceeded 100 billion KRW in net assets just over two months since its listing date (April 16). The cumulative net purchase amount by individual investors from the listing date to the 17th reached 52.7 billion KRW.
The ‘TIGER Global On-Device AI ETF’ is the only domestic ETF primarily investing in companies related to on-device AI technology. On-device AI refers to artificial intelligence computations performed directly on the user's device. This ETF focuses its investments on companies related to NPUs (Neural Processing Units) that enable AI computations on devices. As of the 17th, major holdings include ‘ARM’ and ‘Qualcomm’, each accounting for 17%, and ‘Apple’ holding a significant 9% share.
Recently, expectations for on-device AI technology have risen, centered around Apple, leading to a surge in investor interest in the ‘TIGER Global On-Device AI ETF’. At the Worldwide Developers Conference (WWDC) held on the 10th, Apple unveiled its generative AI called ‘Apple Intelligence’. This is a collective term for new AI features applied to devices such as iPhones, iPads, and MacBooks.
This personalized AI technology allows AI to learn and respond to the user's emails, messages, calendars, photos, etc., without transmitting sensitive personal data to external servers. For AI computations, Apple equips its devices with its semiconductor lineup, ‘Apple Silicon’, while Android devices like Galaxy use products from ‘Qualcomm’. Both ‘Apple’ and ‘Qualcomm’ base their intellectual property (IP) in circuit design on ‘ARM’.
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Kim Byung-seok, manager of the ETF Operations Division at Mirae Asset Global Investments, stated, “As AI becomes part of everyday life, the key will be who can provide more practical and personalized AI services. From this perspective, Apple is expected to accelerate the device replacement cycle of its 2 billion users worldwide by showcasing highly refined on-device AI technology, which is anticipated to benefit the ‘TIGER Global On-Device AI ETF’.”
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