TIGER Cosmetics and TIGER Travel & Leisure ETFs Surpass 500 Billion Won in Combined Net Assets

Mirae Asset Global Investments announced on November 24 that, due to the recent conflict between China and Japan, demand for tourism to Korea has increased, resulting in the combined net asset value of the 'TIGER Cosmetics ETF' and 'TIGER Travel & Leisure ETF' surpassing 500 billion won.

According to the Korea Exchange, as of the closing price on the 21st, the net asset value of the TIGER Cosmetics ETF stood at 421.6 billion won. This ETF invests in Korean cosmetics companies leading the K-beauty industry, including emerging indie brands such as Dalba Global and Genic, allowing for concentrated investment across the entire cosmetics sector.

The net asset value of the TIGER Travel & Leisure ETF is 109.2 billion won. This is the only domestic ETF focused on travel and leisure, including companies such as Lotte Tour Development, Paradise, and Hotel Shilla. It is expected to benefit from high-value-added leisure consumption, not only in duty-free shopping but also in hotels, theme parks, and casinos.

Recently, as China has begun to actively encourage its citizens to refrain from traveling to Japan through the so-called 'Hanilryeong' policy, it is expected that the preference of Chinese tourists for traveling to Korea will increase. Additionally, from November 7 to 21, following comments by Japanese Prime Minister Fumio Kishida regarding Taiwan, the stock prices of Japanese cosmetics, duty-free, and hotel-related companies declined, while the stock prices of Korean cosmetics, duty-free, and hotel-related companies rose.

Jung Hyeon Jeong, Head of ETF Management at Mirae Asset Global Investments, stated, "With the steady increase in the number of travelers visiting Korea, the cosmetics and travel & leisure industries are expected to gain momentum due to the China-Japan conflict. Investors can respond to the Hanilryeong issue through the TIGER Cosmetics and TIGER Travel & Leisure ETFs."

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