Two TIGER China ETFs Surpass 500 Billion Won in Combined Net Assets

Mirae Asset Global Investments announced on October 1 that the combined net assets of the two newly listed TIGER China ETFs, which were launched in May, have surpassed 500 billion won.

According to the Korea Exchange, as of the closing price on September 30, the net assets of the TIGER China Tech TOP10 ETF amounted to 285.8 billion won. This product focuses on investing in ten of China's leading big tech companies, including Alibaba (15.8%), CATL (13.6%), and SMIC (13.3%), as well as Xiaomi and Tencent.

The TIGER China Tech TOP10 ETF includes not only Hong Kong-listed but also mainland China's top tech stocks, and has shown outstanding performance among China ETFs. Driven by strong results from Cambricon, a mainland-listed Chinese semiconductor design company, and SUGON, an AI data center-related stock, its cumulative return since listing has reached 37.5%.

The TIGER China Humanoid Robot ETF, which was listed on May 27 this year, has grown its net assets to 260 billion won in just four months. As of September 30, the cumulative return since its listing stands at 44.1%.

The TIGER China Humanoid Robot ETF, which selectively invests in leading Chinese humanoid robot companies, currently allocates the highest proportion (10.8%) among domestically listed ETFs to UBTech. UBTech is the only listed company among Chinese humanoid robot manufacturers. Other major holdings include Dobot (9.7%), a humanoid robot manufacturer, and leading humanoid component stocks such as Sanhua and Takbo Group.

Jung Hyun Jeong, Head of ETF Management at Mirae Asset Global Investments, explained, "As low-cost, high-efficiency artificial intelligence (AI) rapidly spreads in China, the valuations of big tech companies remain significantly lower than those in the United States."

He added, "China has internalized the material and component value chain of the humanoid robot industry, achieving mass production and cost competitiveness. As the country most rapidly adopting these robots on factory lines, investors can use the TIGER China ETFs to quickly access China's growth technology stocks."

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