Mirae Asset Renames TIGER Space Defense to TIGER K Defense & Space

Mirae Asset Global Investments announced on the 28th that it will change the name of the 'TIGER Space Defense ETF' to 'TIGER K Defense & Space ETF.'

The TIGER K Defense & Space ETF invests in leading domestic defense companies and aerospace industry companies with growth potential. As of the 27th, it invests approximately 91% in five representative defense companies including Hanwha Aerospace, Korea Aerospace Industries, Hyundai Rotem, LIG Nex1, and Hanwha Systems. It also includes companies in the satellite and aerospace industry sectors such as Satrec Initiative, Intellian Technologies, AP Satellite, and Innospace.

Mirae Asset Global Investments expects that the name change will intuitively convey to investors the ETF portfolio's focus on leading South Korean defense companies. Furthermore, it anticipates that investors will be able to pay attention to the long-term growth potential of 'K Defense & Space' companies that will play an active role in the future defense industry, including the aerospace sector.

Jung Eui-hyun, Head of the ETF Management Division at Mirae Asset Global Investments, said, "Countries in conflict regions are paying attention not only to the U.S. but also to markets like Korea," adding, "Considering that unmanned aerial vehicles and low Earth orbit satellites play the most important roles in the Russia-Ukraine war, the future defense industry will expand into the aerospace sector."

He continued, "The TIGER K Defense & Space ETF does not include companies from other industries such as holding companies, and its portfolio consists only of leading domestic defense companies and aerospace industry companies," adding, "It is worth paying attention to its growth potential going forward."

Mirae Asset Global Investments is holding an event to commemorate the name change. Those who participate in the TIGER K Defense & Space name change comment event by the 11th of next month will be entered into a draw to receive gifticons.

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