Mirae Asset Launches New 'TIGER JoseonTOP10 ETF'

Mirae Asset Global Investments announced on the 22nd that it will newly list the ‘TIGER Joseon TOP10 ETF’ on the Korea Exchange.

The ‘TIGER Joseon TOP10 ETF’ selects and invests in the top 10 domestic shipbuilding stocks related to ship construction. In particular, it focuses on the top 4 domestic shipbuilding stocks: HD Hyundai Heavy Industries, HD Korea Shipbuilding & Offshore Engineering, Samsung Heavy Industries, and Hanwha Ocean. As of the 22nd, the total investment weight of these 4 stocks is 86%, the highest level among domestic ETFs. Unlike existing shipbuilding ETFs, it excludes industries classified as shipbuilding-related backward and forward industries such as ship after-service and shipping, as well as industries classified under heavy industry sectors other than shipbuilding, and composes a 100% portfolio solely of ‘shipbuilding’ and ‘equipment’.

With the shipbuilding super cycle returning for the first time in 20 years since 2008, the ‘TIGER Joseon TOP10 ETF’ is expected to benefit from the growth of the domestic shipbuilding industry. Since the COVID-19 pandemic, the order backlog of domestic shipbuilders has increased by 60% compared to before the pandemic, leading to a full-scale improvement in performance. The replacement period for aging ships is approaching, and environmental regulations from the International Maritime Organization (IMO) and the EU are steadily increasing orders for eco-friendly ships such as LNG and methanol vessels, which is also a positive factor. Domestic shipbuilders are expected to achieve long-term growth as they secure orders for high value-added new ships in overseas markets.

To commemorate the launch of the ‘TIGER Joseon TOP10 ETF,’ Mirae Asset Global Investments is conducting a listing celebration event for trading customers. Customers who meet the daily trading conditions for this ETF at Daishin Securities and Eugene Investment & Securities will be given cultural gift certificates through a lottery and other methods. Detailed event information can be found on each securities company’s website.

Jung Eui-hyun, head of the ETF Management Team at Mirae Asset Global Investments, said, "The TIGER Joseon TOP10 ETF focuses on leading domestic shipbuilders capturing new opportunities in the global market," adding, "If you want to participate in the super cycle of domestic shipbuilding stocks, which are enjoying favorable conditions such as stable order backlogs, rising ship prices, and global market expansion, you should pay attention to the pure shipbuilding ETF, TIGER Joseon TOP10 ETF."

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