TIGER U.S. Space Tech ETF Sees Record Personal Net Buying of KRW 61.5 Billion on Debut
Mirae Asset Global Investments' 'TIGER U.S. Space Tech ETF' recorded KRW 61.5 billion in personal net purchases on its first trading day, marking the largest initial inflow among domestic passive ETFs. The ETF focuses on ten pure-play private space companies, including leaders of the New Space era such as Rocket Lab and Intuitive Machines, allocating approximately 70% of the portfolio to rocket, satellite, and core space infrastructure firms. Notably, the ETF is structured to quickly include SpaceX, with up to a 25% allocation if the company goes public, further fueling investor anticipation.
South Korean asset managers are rapidly launching space-themed ETFs, capitalizing on rising investor interest amid headlines like SpaceX's anticipated record IPO and NASA's Artemis II mission return. The surge in capital inflow towards these products highlights a growing appetite for aerospace investments among individual investors. Industry experts anticipate robust long-term growth within the space sector, although they caution that the early-stage nature of the industry could lead to significant short-term volatility. With both passive options like TIGER and active alternatives such as ACE U.S. Space Tech Active ETF now available, the domestic market is experiencing a heightened interest in aerospace investment strategies.
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Mirae Asset US Space Tech ETF sold out on the first day of listing... Individual net purchase of 61.5 billion KRW - Seoul EconomyMirae Asset Management announced on the 15th that the 'TIGER US Space Tech Exchange Traded Fund (ETF)' was sold out in about an hour on its first day of listing, driven by individual net purchases exceeding 60 billion KRW. According to Mirae Asset Management, the product listed the previous day was set at a scale of 30 billion KRW, and immediately after listing, individuals and institutions
"Sold Out in 1 Hour of Listing" TIGER U.S. Space Tech ETF, Individual Net Purchase of 61.5 Billion KRW on Debut Day - Herald EconomyMirae Asset Management's 'TIGER U.S. Space Technology Exchange-Traded Fund (ETF)' attracted 61.5 billion KRW in individual net purchases on its first day of listing, marking a successful launch according to domestic listed passive ETF standards.
Mirae Asset's 'TIGER U.S. Space Tech ETF' Sold Out on First Day...Highest Net Buying by Individuals - eToday(Mirae Asset Management) Mirae Asset Management announced on the 15th that the 'TIGER U.S. Space Tech ETF' recorded approximately 61.5 billion KRW in net buying by individuals on its first day of listing.
Mirae Asset TIGER U.S. Space Tech ETF Sells Out 30 Billion Won in One Hour - EdailyMirae Asset Global Investments announced on the 15th that the 'TIGER U.S. Space Tech' ETF recorded a net purchase of approximately 61.5 billion won by individuals on its first day of listing. This is the largest amount of net purchase by individuals on the listing day among domestically listed passive ETFs. The ETF was established at a scale of 30 billion won when it was listed on the 14th...
Mirae Asset US Space Tech ETF Net Purchase of 61.5 Billion Won on First Day by Individuals...Largest Scale - SBS Biz[Provided by Mirae Asset Global Investments = Yonhap News] Mirae Asset Global Investments announced today (15th) that the 'TIGER US Space Tech ETF (Exchange Traded Fund)' recorded a net purchase of about 61.5 billion won by individuals on its first day of listing. This is the largest individual net purchase on the listing day among domestic passive ETFs. This ETF was listed on the 14th with ...
Mirae Asset's 'TIGER U.S. Space Tech ETF', Record Highest Net Purchase by Individuals on First Day of Listing - dt.co.krMirae Asset Global Investments' 'TIGER U.S. Space Tech ETF' drew a large influx of individual investors' funds on its first day of listing, marking a successful debut. It is evaluated that the differentiated structure focusing on pure private space companies stimulated investment demand.