'TIGER China Hang Seng Tech' Net Assets Surpass 1 Trillion Won... "80% of Domestic Hang Seng Tech ETF Funds Are TIGER"

Mirae Asset Global Investments announced on the 3rd that the net assets of the 'TIGER China Hang Seng Tech ETF' have surpassed 1 trillion KRW.

According to the Korea Exchange, as of the closing price on the 2nd, the net assets of the TIGER China Hang Seng Tech ETF amount to 1.0438 trillion KRW. This represents 83.7% of the total net assets of all Hang Seng Tech investment ETFs (excluding leveraged ETFs) listed domestically. The TIGER China Hang Seng Tech ETF is leading the Chinese investment ETF market.

Since the emergence of DeepSeaK, the competitiveness of Chinese tech companies has begun to be reevaluated. This is why the TIGER China Hang Seng Tech ETF is showing explosive growth. As of the 2nd, the cumulative net purchase volume by individual investors since the beginning of the year is 98.1 billion KRW. Supported by strong buying from individual investors, the net asset size has nearly doubled in about three months, growing from 577.9 billion KRW at the end of last year.

The TIGER China Hang Seng Tech ETF invests in big tech companies representing China's innovative growth industries. It can invest in the recently spotlighted Terrific10 stocks. The Terrific10 includes China's top 10 tech stocks such as Xiaomi, Alibaba, SMIC, Tencent, JD.com, Meituan, and NetEase.

With the rise in Chinese tech company stock prices and the authorities' active commitment to stimulus, expectations for China's economic recovery are increasingly rising. As of the 2nd, the TIGER China Hang Seng Tech ETF has recorded a year-to-date return of 19.0%.

Jung Eehyun, Head of the ETF Management Division at Mirae Asset Global Investments, said, "At last month's Two Sessions, the Chinese government emphasized comprehensive support for the innovative tech sector through AI+ initiatives," adding, "Support for the advanced tech sector will continue as one of the pillars to achieve this year's growth target of 5%."

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