Mirae Asset Global Investments Lists New 'TIGER KOSDAQ Active ETF'

Mirae Asset Global Investments announced on June 2 that it has newly listed the 'TIGER KOSDAQ Active' Exchange Traded Fund (ETF) on the Korea Exchange. This ETF seeks to achieve excess returns by investing in leading companies on the KOSDAQ market.

This product is an active ETF that uses the KOSDAQ index as its benchmark and primarily invests in KOSDAQ-listed stocks.

Recently, the KOSDAQ market has been evaluated as having secured structural growth drivers, such as increased orders for materials, components, and equipment (referred to as 'SoBuJang') companies due to the expansion of global big tech's investments in artificial intelligence (AI) infrastructure, and a revaluation in valuations driven by expectations for IPOs of global innovative companies. In addition, the competitiveness of domestic bio, defense, and cosmetics companies is being highlighted amid the reorganization of global supply chains, while the government's KOSDAQ nurturing policies are also considered positive factors likely to support supply and demand in the medium to long term.

Unlike passive ETFs that mechanically track the stocks with the largest market capitalization or conventional active ETFs that concentrate their allocations in specific stocks, the TIGER KOSDAQ Active ETF diversifies stock and individual company risk by maintaining a balanced allocation of 3% to 6% per stock. At the same time, it actively adjusts allocations to key growth sectors driving the KOSDAQ upcycle, pursuing an active strategy that flexibly responds to market changes.

Currently, the top positions in the main portfolio are held by ISC, a specialist in semiconductor test sockets; MK Electron, a leading company in bonding wires for semiconductor packaging; and Sam CNS, a supplier of key materials for semiconductor packaging. This reflects the outlook that, as the performance and integration of AI semiconductors accelerate, the importance of packaging processes will continue to grow, increasing the benefits for related SoBuJang companies.

Wontak Jung, Head of the Equity Investment Division 3 at Mirae Asset Global Investments, said, "The KOSDAQ market is concentrated with Korea’s core growth industries, such as semiconductor SoBuJang, bio, defense, and robotics. With the government’s commitment to nurturing the KOSDAQ and the rise of the AI and new industries era, we expect that the TIGER KOSDAQ Active ETF will serve as an efficient alternative for investing in the growth opportunities of the KOSDAQ market at a time when growth companies are undergoing a full-fledged revaluation."

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