Mirae Asset’s ‘TIGER U.S. Space Tech’ ETF Surpasses 500 Billion Won in Net Assets
Achieved in Just 12 Trading Days
Fastest Record Among Korean-Listed Overseas Equity ETFs
Mirae Asset Global Investments announced on May 7 that the net asset value (NAV) of the "TIGER U.S. Space Tech" exchange-traded fund (ETF) has surpassed 500 billion won. This milestone was achieved in just 12 trading days since its listing, setting a record as the fastest among Korean-listed overseas equity ETFs.
According to the Korea Exchange, as of the previous day, the NAV of the TIGER U.S. Space Tech ETF stood at 520.5 billion won. This represents an approximately 17-fold increase compared to its initial NAV of 30.8 billion won at the time of listing.
From April 14 to May 6, individual net purchases in U.S. space-themed ETFs listed in Korea totaled 624.7 billion won, with 443.4 billion won of that amount concentrated in the TIGER U.S. Space Tech ETF. This accounts for about 71% of total individual net purchases in space-themed ETFs.
A Mirae Asset Global Investments representative explained, "This concentration of capital reflects both the structural growth potential of the private space industry and the differentiated product design." Unlike aerospace-defense hybrid ETFs, the TIGER U.S. Space Tech ETF invests exclusively in 10 'pure space companies' such as Rocket Lab, Intuitive Machines, AST SpaceMobile, and Redwire. The fund has built a highly concentrated portfolio, allocating about 70% to the upstream segment responsible for space infrastructure and about 70% to the top four holdings. It is also designed to allow for a rapid allocation of up to 25% to SpaceX in the event the company goes public in the future.
Hot Picks Today
"Samsung and Hynix Were Once for the Underachievers"... Hyundai Motor Employee's Lament
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- After Losing Her Only Daughter, a Mother in China Gave Birth to Twins at 60... Reinventing Life at 76
- KOSPI Plunges, Sell-Side Sidecar Triggered for Second Consecutive Trading Day
- "That? It's Already Stashed" Nightlife Scene Crosses the Line [ChwiYak Nation] ③
Kim Namho, Head of Global ETF Management at Mirae Asset Global Investments, stated, "Reaching 500 billion won in just 12 trading days demonstrates that investor demand for the private space industry as a new structural growth sector has firmly taken root in the market." He added, "As the U.S. private space industry enters a full-fledged expansion phase, investors continue to choose portfolios centered on leading companies that can efficiently capture the benefits of industry growth."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
