Mirae Asset Global Investments announced on the 17th that it will launch two new exchange-traded funds (ETFs), including 'TIGER China Global Leaders TOP3+' and 'TIGER China AI Software.'
The 'TIGER China Global Leaders TOP3+ ETF' is a product that invests 20% each in leading Chinese corporations Alibaba, Xiaomi, and BYD. The remaining 40% is allocated to seven selected growth stocks in semiconductor, smartphone, electric vehicle, robotics, and biotech sectors, each with an equal weight of 5.7%. The underlying index is the 'Solactive-KEDI China Global Leaders TOP3Plus Index.'
As of the 16th, notable stocks excluding the top three corporations include CATL, the world's largest battery corporation; Beijing, a corporation holding FDA-approved anticancer drugs; and Weir Semiconductor, the world's third-largest image sensor semiconductor corporation; as well as Shenzhen Transsion Holdings, the world's fourth-largest smartphone corporation.
The 'TIGER China AI Software ETF' is a product that invests in the rapidly growing Chinese artificial intelligence (AI) software corporations, based on the Chinese government's strong nurturing policies and world-class technological capabilities. The underlying index is the 'Mirae Asset China AI Software Index.' It includes Chinese software corporations listed on exchanges in China, Hong Kong, and the United States.
Mirae Asset stated that it will focus its investments on platform corporations and AI service corporations, which are considered the core of the AI value chain. As of the 16th, major investment stocks include Tencent, Baidu, iFlytek, and Alibaba.
Jeong Ui-hyeon, head of the ETF management division at Mirae Asset Global Investments, noted, "Chinese corporations are quickly making their mark in the global market due to strong government policy support and active technological investments."
Mirae Asset Global Investments announced that it will hold an event to celebrate the launch of the two new 'TIGER China ETFs.' Cultural gift certificates will be given to some customers who meet the day trading conditions for the ETFs at SK Securities and Eugene Securities.