Mirae Asset's 'TIGER Hwajangpum' Surpasses 200 Billion KRW in Net Assets

Mirae Asset Global Investments announced on the 3rd that the net assets of the ‘TIGER Cosmetics Exchange-Traded Fund (ETF)’ have surpassed 200 billion KRW.

According to the Korea Exchange, as of the closing price on the 2nd, the net assets of the ‘TIGER Cosmetics ETF’ stand at 215.5 billion KRW. This is the largest scale among ETFs related to beauty and medical devices listed domestically.

The ‘TIGER Cosmetics ETF’ invests in ‘Indie Brand’ companies leading ‘K-Beauty’ in the global cosmetics market. Major companies include ‘Pharmaresearch’, ‘APR’, and ‘Silicon2’. Additionally, it includes OEM and ODM companies such as Korea Kolmar, Cosmax, and CNC International.

Although domestic cosmetics companies experienced temporary stock price adjustments due to concerns over sales slowdown from China following the Q2 earnings announcements, expectations for industry recovery are growing as Warren Buffett’s Berkshire Hathaway made a new investment in ‘ULTA Beauty’, the largest cosmetics retailer in the United States. Furthermore, with the upcoming Black Friday in November in the U.S., sales of domestic cosmetics companies that are Amazon bestsellers, such as ‘COSRX’ and ‘Chosun Beauty’, are expected to increase, raising hopes for additional growth through expanded overseas exports.

Jung Eun-bin, manager of the ETF Management Division at Mirae Asset Global Investments, said, “Korean cosmetics have captured the consumption sentiment of the U.S. MZ generation through natural ingredients, mid-to-low price ranges, and active influencer marketing,” adding, “With aggressive expansion of overseas channels, the performance growth of domestic cosmetics companies is expected to continue.”

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