Mirae Asset's 'TIGER China Semiconductor FACTSET' ETF Delivers 121% Year-to-Date Return
Top Performer Among China-Related ETFs Listed in Korea
Mirae Asset Global Investments announced on July 1 that the 'TIGER China Semiconductor FACTSET' exchange-traded fund (ETF) ranked first in year-to-date returns among 54 China-related ETFs listed in Korea.
As of the previous day, the fund posted a year-to-date return of 121.4%. Its return over the past year reached 239.2%. Thanks to strong performance, its net asset value grew nearly fivefold from 12.65 billion won at the end of last year to 65.33 billion won as of the previous day. It now holds the second-largest net asset value among China-related ETFs listed in Korea.
The TIGER China Semiconductor FACTSET ETF tracks the 'FactSet China Semiconductor Index' and invests across the entire value chain of China's semiconductor industry. It includes leading companies in key segments such as semiconductor design, foundry, equipment, and memory. Major holdings include GigaDevice, Cambricon, NAURA, and Hygon.
Recently, China's semiconductor industry has continued to grow, driven by the government's semiconductor self-sufficiency (localization) policy and increased demand for AI chips amid the expansion of the artificial intelligence (AI) industry. Following the United States' tightening of semiconductor regulations against China, China has accelerated efforts to localize its semiconductor supply chain. Expectations are rising for improved performance by companies with strong competitiveness across the semiconductor value chain, including design, equipment, and memory sectors.
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Jung Heehyun, Head of ETF Management at Mirae Asset Global Investments, stated, "With the Chinese government's semiconductor self-sufficiency policy and growing demand for localized AI chips, the growth of Chinese semiconductor companies is becoming more prominent," adding, "The TIGER China Semiconductor FACTSET ETF is an efficient product for investing in the growth of China's semiconductor value chain."
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