Mirae Asset's TIGER China Hang Seng Tech ETF Surpasses 700 Billion KRW in Net Assets

Mirae Asset Global Investments announced on the 25th that the net assets of the 'TIGER China Hang Seng Tech ETF' have surpassed 700 billion KRW.

According to the Korea Exchange, as of the 24th, the net assets of the TIGER China Hang Seng Tech ETF stand at 783.2 billion KRW, making it the largest ETF tracking the Hang Seng Tech Index listed domestically. It also shows more than a fourfold difference compared to the second-largest product tracking the same index.

The Hang Seng Tech Index consists of big tech companies representing China's innovative growth industries. It includes Chinese new growth companies known as the Chinese version of the Magnificent 7 (M7), such as Xiaomi, Alibaba, SMIC, Tencent, Meituan, Lenovo, and BYD.

Chinese big tech companies faced growth constraints for several years due to U.S. regulations and the Chinese government's common prosperity policy. However, the recent emergence of DeepSeek has become an opportunity to reassess China's technological competitiveness, leading to a rising stock price trend this year. The TIGER China Hang Seng Tech ETF has also maintained a positive trend, recording a 24.1% return compared to the beginning of the year.

Mirae Asset Global Investments holds the largest lineup of 13 Chinese ETFs in the domestic market. Through various products such as market-representative, thematic, and leveraged types, it offers investors a wide range of choices. It also continues proactive investments in the Chinese market overseas. Since establishing the first overseas subsidiary by a domestic asset management company in Hong Kong in 2003 and entering the global market, it has developed expertise through active local operations. In 2023, it achieved meaningful results in the Chinese market by becoming the first domestic asset management company to enter the Chinese mainland ETF market through 'ETF Connect.'

Lee Ho-nyeon, head of the ETF Management Team at Mirae Asset Global Investments, said, "Recently, President Xi Jinping hosted a private enterprise roundtable and encouraged advanced tech companies, and the government's efforts to strengthen support for tech companies are having a positive impact." He added, "Just as the era of U.S. big tech began after the emergence of Chat GPT, we expect the growth centered on Chinese tech stocks to continue following DeepSeek."

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