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Mirae Asset Global Investments has reigned in Korea's equity ETF market since April 2022. Their expansive TIGER ETF portfolio captures 38% of the local market, bolstered by AI and tech trends.
The Korean ETF market alone has witnessed investments exceeding 100 trillion won ($74.77 billion), with equity ETFs accounting for 50 trillion won. Industry insiders credit Mirae Asset's success to its proactive approach to introducing diverse, innovative ETFs that align with ever-evolving market trends.
Mirae Asset entered the Korean market in 2006 with its groundbreaking Tiger ETF product. Since then, it has continued to lead with groundbreaking offerings, including the Tiger US Nasdaq 100 ETF, the first ETF in Korea to track the US Nasdaq 100 Index.
The Korea Exchange reported in February that there are currently 155 TIGER ETFs, with Mirae Asset boasting the highest number of ETFs in the country. The net asset value of TIGER ETFs presently stands at 34 trillion won ($25.9 billion), capturing 38 percent of the local ETF market, owing to its ability to cater to diverse investor preferences.
This year, Mirae Asset has witnessed a surge in the popularity of its Tiger ETFs, fueled by the AI boom, including ChatGPT, and the impressive performance of leading US tech stocks. Among the standouts are three Tiger ETFs — Tiger US Tech Top 10 INDXX ETF, Tiger US Philadelphia Semiconductor Nasdaq, and Tiger US Nasdaq 100. Furthermore, four Tiger ETFs associated with secondary batteries have also gained significant attention.
Mirae Asset's unique ETF lineup demonstrates great potential. ETFs like the Tiger Travel and Leisure ETF, the Tiger Cosmetics ETF, and the Tiger China Consumption Theme ETF are poised to benefit from the anticipated resurgence in Chinese group tourism. Mirae Asset has also introduced themed ETFs in future industries such as AI, robotics, biotech, and space aviation.
Taking the helm in expanding the global ETF business, Mirae Asset Group's Global Strategy Officer, Park Hyun-joo, has been actively driving mergers and acquisitions. With its continued commitment to innovation, Mirae Asset aims to cement its position as a leading force in the global ETF market.
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