TIGER US AI Software TOP4 Plus ETF Newly Listed

Mirae Asset Global Investments will list the "TIGER US AI Software TOP4 Plus ETF" on the Korea Exchange on September 9.

The TIGER US AI Software TOP4 Plus ETF invests in leading US software companies at the center of the artificial intelligence (AI) market. Its underlying index is the "Akros U.S AI Software TOP4 Plus Index." The ETF targets 10 key AI software companies across various industries, including Palantir, Oracle, Figma, AppLovin, and Tempus AI.

Recently, the ETF has concentrated its investments in Palantir, a company leading the AI software market. Palantir is attracting attention for providing an integrated service that covers everything from data collection to analysis and decision-making through its proprietary platform. As of September 8, Palantir accounted for 21.96% of the TIGER US AI Software TOP4 Plus ETF's portfolio.

The ETF also invests in Oracle, which has established a strategic partnership with Palantir to create synergies. Oracle is a global US software and cloud computing company, particularly dominant in the database sector, where it has long held the top market share. The two companies are expanding their influence by providing tailored services to customers who prioritize data security and sovereignty, as well as through joint sales initiatives.

AppLovin is a software company that offers a platform optimizing advertising marketing in the mobile ad market using AI technology. AppLovin's revenue has grown at an average annual rate of approximately 37.4% since 2018. The company is set to be included in the US S&P 500 Index this month, drawing even more attention. Tempus AI, an AI-based healthcare company, is also leading the precision medicine sector and experiencing rapid business expansion.

The TIGER US AI Software TOP4 Plus ETF builds its portfolio by selecting core companies in the AI software value chain and major industries. Palantir, Oracle, Figma, and AppLovin collectively make up about 70% of the ETF. Notably, this is the first domestically listed passive ETF to include Figma, enabling more effective investment in the AI software market.

Kim Namho, Head of Global ETF Management at Mirae Asset Global Investments, stated, "Since last year, US AI software companies have been showing significantly stronger performance compared to AI hardware companies."

He added, "The TIGER US Software TOP4 Plus ETF enables investors to benefit from the anticipated growth of the AI software sector by investing comprehensively in the core companies of the AI software value chain."

To celebrate the launch of the TIGER US AI Software TOP4 Plus ETF, Mirae Asset Global Investments is holding a listing event for trading customers. Selected customers at LS Securities who meet the daily trading conditions for the ETF will receive cultural gift certificates. Further details about the event can be found on the securities firm's website.