Mirae Asset's 'TIGER Secondary Battery/Electric Vehicle ETF' 7 Types Surpass Total Net Assets of 4 Trillion Won

Mirae Asset Global Investments announced on the 8th that the total net assets of the seven types of ‘TIGER Secondary Battery/Electric Vehicle ETFs’ have surpassed 4 trillion KRW.

Since launching Korea’s first secondary battery ETF, ‘TIGER Secondary Battery Theme ETF,’ in September 2018, Mirae Asset Global Investments has introduced products that focus on the secondary battery and electric vehicle industries in both Korea and China, including the ‘TIGER China Electric Vehicle SOLACTIVE ETF (371460).’ According to the Korea Exchange, as of the closing price on the 7th, the total net assets of the seven domestic and overseas (China) equity-type ‘TIGER Secondary Battery/Electric Vehicle ETFs’ amount to 4.4294 trillion KRW.

Recently, with the rebound in the Chinese stock market, interest in the TIGER ETFs investing in Chinese electric vehicles has surged. The stimulus measures announced at the end of September for the Chinese stock market exceeded market expectations significantly and are expected to benefit companies related to electric vehicles. Accordingly, as of the 7th, the one-month return of the ‘TIGER China Electric Vehicle SOLACTIVE ETF’ was 44.3%, and the leveraged ‘TIGER China Electric Vehicle Leverage ETF’ recorded a return of 94.8%.

Mirae Asset Global Investments is also gaining popularity by offering various investment opportunities in the domestic secondary battery/electric vehicle industry. The ‘TIGER Secondary Battery Theme ETF,’ Korea’s first and largest secondary battery ETF with net assets exceeding 1 trillion KRW, along with the ‘TIGER Secondary Battery Materials Fn ETF,’ which focuses exclusively on material companies such as EcoPro and POSCO Group, recorded net assets of 657.6 billion KRW. Additionally, the ‘TIGER Secondary Battery TOP10 ETF’ and the ‘TIGER Secondary Battery TOP10 Leverage ETF’ have maintained steady capital inflows with net assets of 389.8 billion KRW and 97.7 billion KRW, respectively.

Jung Eui-hyun, head of the ETF management team at Mirae Asset Global Investments, explained, "Despite concerns about the prolonged electric vehicle chasm (temporary demand stagnation), there is growing interest in the rapid growth of plug-in hybrids (PHEV), which lower the entry barriers to electric vehicles, and the autonomous driving business opened by robotaxis." He added, "The TIGER ETFs offer a way to invest intensively in domestic and Chinese secondary battery and electric vehicle companies that are fiercely competing in the global market."

Amid the recent rise in the Chinese stock market, Mirae Asset Global Investments is providing information on Chinese investment ETFs expected to benefit from government policies, such as the ‘TIGER China Electric Vehicle SOLACTIVE ETF.’ Detailed information on Chinese economic stimulus measures and policy-benefiting ETFs can be found in the ‘HOT ETF Introduction’ section on the TIGER ETF website.

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