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Tiger ETF reports $1.5 bn in net assets: Mirae Asset

Collected: 2024.03.15

Distributed: 2024.03.16

Source: Go Direct

[Source: Mirae Asset Global Investments Co.]

The Tiger U.S. Philadelphia Semiconductor NASDAQ ETF, the largest among semiconductor exchange-traded funds (ETF) in South Korea, saw its net assets hit 2 trillion won ($1.52 billion), according to the ETF operator Mirae Asset Global Investments Co. on Thursday.

According to data from the Korea Exchange, the ETF‘s net assets totaled 2.1 trillion won as of the close of trading on Wednesday.

The TIGER U.S. Philadelphia Semiconductor NASDAQ ETF invests in a basket of 30 of the world’s leading global semiconductor companies, including Nvidia Corp, Advanced Micro Devices, Inc., Qualcomm, and ASML Holding N.V.

It is tied to the PHLX Semiconductor Sector (SOX), a benchmark composed of the 30 largest U.S. companies primarily engaged in the design, distribution, manufacturing, and sale of semiconductors.

The ETF is the only investment fund in Korea that can invest in the SOX.

Amid a boom in generative artificial intelligence (AI), recent robust earnings reports from global semiconductor companies, notably Nvidia Corp., have fueled buying interest in the semiconductor ETF.

By Kim Tae-sung and Han Yubin

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