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Mirae Asset chip ETF tops W10tr on AI boom
By Choi Ji-won, The Korea Hearld - Mirae Asset Global
Investments said Tuesday that net assets in its Tiger Semiconductor Top10 ETF
have surpassed 10 trillion won ($6.62 billion), underscoring strong investor
demand for semiconductor shares as spending on artificial intelligence
infrastructure accelerates.
As of Monday’s close, the Tiger
Semiconductor Top10 ETF held 10.04 trillion won in net assets, becoming the
first locally listed thematic exchange-traded fund to cross the threshold. It
is now the country’s largest thematic ETF and the third-largest ETF overall in
the domestic market.
The leveraged version, the Tiger
Semiconductor TOP10 Leverage ETF, also reached 1.3 trillion won in net assets,
the most among thematic leveraged ETFs.
Mirae Asset said the gains were
supported by resilient semiconductor market conditions. Earnings estimates for
chipmakers have continued to rise despite prolonged external risks, including
the Middle East conflict and concerns over turbo quant strategies, reinforcing
confidence in the sector’s earnings momentum. Consensuses for this year's
operating profit at Samsung Electronics and SK hynix have been revised up to
227 trillion won and 175 trillion won, respectively.
The ETF holds 10 major stocks tied to
Korea’s semiconductors sector. SK hynix and Samsung Electronics together make
up more than half the portfolio, followed by Hanmi Semiconductor, Leeno
Industrial and Wonik IPS, giving investors exposure across the broader chip
value chain.
So far this year, the ETF has gained 54
percent, outpacing the Kospi's 24 percent advance, with 1.8 trillion won in net
retail inflows helping drive the rally. The leveraged fund has returned 101
percent and attracted 732.2 billion won in net retail purchases.
"The global AI agent boom has
fueled explosive growth in inference demand, making memory semiconductors a
core strategic asset in the AI era," the head of Mirae Asset's ETF
management division said, noting the Tiger Semiconductor Top10 ETF has now
established itself as a flagship investment solution in the sector.
