Mirae Asset Global Investments: Individual Net Purchases of TIGER K-Defense & Space ETF Surpass 200 Billion Won Since Start of Year

Mirae Asset Global Investments announced on March 11 that individual net purchases of the 'TIGER K-Defense & Space' Exchange-Traded Fund (ETF) have surpassed 200 billion won since the beginning of the year.

According to the Korea Exchange, as of the closing price on March 10, individual investors have made net purchases totaling 218.3 billion won in this ETF since the start of the year. This is the largest amount among domestic defense industry-themed ETFs. While the KOSPI fell by 11.40% during the same period following the outbreak of the Iran war, this ETF rose by 7.76%, demonstrating relatively strong performance despite heightened geopolitical risks. Since the beginning of the year, it has gained 65.18%, outperforming the KOSPI’s 31.29% rise by 33.89 percentage points over the same period.

Recently, as military conflicts have escalated in the Middle East, the effectiveness of Korean defense technology has been proven in real combat situations, fueling expectations for increased exports in the global defense market. There are also reports that the indigenous missile interception system ‘Cheongung-II,’ deployed in the United Arab Emirates (UAE), has achieved a high interception rate in actual engagement scenarios, raising prospects for expanded exports by K-defense companies and broader benefits for the industry as a whole.

The TIGER K-Defense & Space ETF invests in leading companies representing South Korea’s defense and aerospace industries, allowing investors to capture structural growth opportunities arising from changes in the global security environment as well as the growth of the space industry. The ETF includes major domestic defense companies such as Hanwha Systems, Hanwha Aerospace, LIG Nex1, and Korea Aerospace Industries, as well as other aerospace-related firms, aiming to capitalize on both the expansion of K-defense exports and the growth of next-generation space industries.

Jung Huihyeon, Head of ETF Management at Mirae Asset Global Investments, stated, “With recent geopolitical tensions rising, there is increasing interest in the global defense industry. The TIGER K-Defense & Space ETF is a product that invests in key domestic defense and aerospace companies, providing exposure to K-defense growth momentum while also serving as an alternative investment tool in an environment of geopolitical risk.”

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