Mirae Asset Launches China Tech-Focused ETF
Park Hyeon-joo, chairman of Mirae Asset Group, has emphasized the increasing importance of investing in Chinese stocks, noting a surge in interest toward the Chinese market. In response to this growing interest, Mirae Asset Global Investments has announced plans to launch new ETFs such as 'TIGER ChinaTech TOP10.' This includes major Chinese tech firms like CATL, BYD, and Alibaba, offering new investment opportunities for Korean investors amid the current volatility in the U.S. market.
Chinese big tech companies are currently undervalued compared to their U.S. counterparts, enhancing the attractiveness of investing in China's tech sector. Jeong, the head of Mirae Asset's investment division, suggests that now is an optimal time to invest in Chinese big tech. The 'TIGER ChinaTech TOP10' ETF is expected to outperform existing Hang Seng Tech ETFs in terms of returns by concentrating investment in key Chinese companies. As the investment flow between Korea and China strengthens, these ETFs are likely to garner more attention moving forward.
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