Mirae Asset Global Investments said the net assets of its "TIGER 200 IT exchange-traded fund (ETF)," which invests across Korea's information technology (IT) industry, have surpassed 3 trillion won.
According to the Korea Exchange, the TIGER 200 IT ETF's net assets totaled 3.2245 trillion won as of the previous day, the company said Wednesday. Buoyed by the strength of semiconductor and large-cap IT stocks, investor interest expanded, and the fund crossed 3 trillion won about two months after surpassing 1 trillion won in net assets in April this year. The product recorded a year-to-date return of 230.4%.
The TIGER 200 IT ETF invests in 16 core companies in the IT sector among the KOSPI 200 constituents. As of the previous day, its major holdings included SK Square (21.8%), SK hynix (21.2%), Samsung Electro-Mechanics (18.0%) and Samsung Electronics (17.4%). The fund also holds companies expected to benefit from the spread of AI infrastructure, such as Isu Petasys, LG Innotek and Samsung SDI.
In particular, among the constituents, Samsung Electro-Mechanics rose 703.1% this year, recording the highest gain among all KOSPI-listed stocks. Other core holdings spanning Korea's artificial intelligence (AI) value chain, including LG Innotek (356.1%) and SK Square (307.9%), also posted strong performances.
The "TIGER 200IT Leverage ETF," which tracks the same index at double the rate, rose 738.3% over the same period, ranking first in overall returns among Korea-listed ETFs. The strong performance came as the strength of semiconductor and large-cap IT stocks continued, compounded by the leverage effect, according to the company.
"The market is currently showing a trend in which leading stocks are expanding from a semiconductor-centered rally to AI infrastructure as a whole," said Jung Eui-hyun, head of the ETF management division at Mirae Asset Global Investments. "The TIGER 200 IT ETF is a product that allows investors to invest in core companies of Korea's AI infrastructure value chain, from semiconductors to next-generation substrates and MLCCs."
