Mirae Asset Focuses on 'Mirae Asset China Investment ETF' Amid Rising Chinese Stock Market
Mirae Asset Global Investments recently announced on the 14th that as the Chinese stock market rapidly rises, the buying momentum for Mirae Asset's China investment ETFs listed both domestically and internationally is strengthening.
As of the 13th, the ‘Global X MSCI China ETF’ listed in Hong Kong has seen an inflow of 1.17 trillion KRW since the beginning of the year. Its net asset value has surpassed 1.5 trillion KRW. The ‘Global X MSCI China ETF,’ which invests broadly in large-cap stocks on the Chinese mainland, recorded a 16.25% return over the past month.
The domestically listed TIGER China investment ETFs are also seeing a rebound after a period of sluggish stock prices. According to the Korea Exchange, the ‘TIGER China Hang Seng Tech ETF,’ which invests in Hang Seng Tech companies representing China’s new growth industries, posted a 22.93% return over the past month as of the 13th. Hang Seng Tech companies are leading rapidly changing Chinese advanced industry trends based on high sales growth rates and active research and development (R&D) investments.
During the same period, the ‘TIGER China HSCEI ETF’ recorded 16.22%, the ‘TIGER China Electric Vehicle SOLACTIVE ETF’ 10.18%, and the ‘TIGER China Semiconductor FACTSET ETF’ 8.66%, maintaining a stable trend.
Recently, China demonstrated strong competitiveness in the tech sector by unveiling AI models such as Deepseek and humanoid robot G1. Powered by the tech stock rally, the MSCI China Index has risen 9.4% since the beginning of the year, continuing its rebound. This trend is particularly notable as it contrasts with other emerging markets, which have seen only slight increases of around 1%.
Mirae Asset Global Investments has been investing early in the competitive Chinese market. In 2003, it became the first domestic asset management company to establish its first overseas office in Hong Kong, entering the global market. Since then, it has developed expertise through active local sales efforts. In 2023, it became the first domestic asset management company to enter the Chinese mainland ETF market via ETF Connect, achieving results in the Chinese market.
Hot Picks Today
"Pay for the Postpartum Care Center with My Car...
- Shaken Again... "Should I Just Cancel My Trip to Japan?" Heightened Tension as E...
- "You Should Throw This Food Out of Your Fridge Immediately"... Eating This 'Zero...
- “Everyone Said You’d Make Money” ? Chinese Investors Rush In and Lose Princip...
- Once a Leading 'Outdoor Legend'...Is Nepa Headed Down the Same Path as Homeplus?...
Kim Young-hwan, Head of Innovation/Global Management Division at Mirae Asset Global Investments, explained, "Mirae Asset Global Investments possesses differentiated capabilities in seeking and providing diverse investment opportunities in global markets including the U.S. and China beyond Korea." He added, "We will continue to lead in discovering new opportunities worldwide and strive to enhance our clients’ long-term returns."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.