Mirae Asset's 'TIGER Cosmetics' ETF Surpasses 200 Billion Won in Net Assets
Mirae Asset Management's 'TIGER Cosmetics' ETF has surpassed 200 billion won in net assets. According to the Korea Exchange, the ETF's net assets total 215.5 billion won, making it the largest in the domestic beauty/medical device-related ETF category. The 'TIGER Cosmetics' ETF mainly invests in indie brand companies such as 'PharmaResearch', 'APR', and 'Silicon Two', and also includes OEM and ODM enterprises like Kolmar Korea, Cosmax, and C&C International. Although domestic cosmetics companies have faced temporary stock price adjustments due to concerns over slowed sales from China, Warren Buffett's Berkshire Hathaway's recent investment in the largest U.S. cosmetics retailer, 'Ulta Beauty', has increased expectations for industry recovery.
With Black Friday in November approaching, sales of domestic cosmetics companies and overseas exports are anticipated to rise. Especially, domestic cosmetics brands that could become bestsellers on Amazon are expected to witness substantial sales growth. Mirae Asset sees continuous performance growth for domestic cosmetics companies through the expansion of overseas channels. Overall, the 'TIGER Cosmetics' ETF is projected to have a positive impact on expanding K-beauty's share in the global market.
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Mirae Asset Management, TIGER Cosmetics Net Assets Surpass 200 Billion KRW - Money TodayMirae Asset Management announced on the 3rd that the net assets of the 'TIGER Cosmetics' ETF (Exchange Traded Fund) have surpassed 200 billion KRW. According to the Korea Exchange, the net assets of the 'TIGER Cosmetics' ETF were 215.5 billion KRW as of the closing price of the previous day. This is the largest among beauty/medical device-related ETFs listed in Korea. The 'TIGER Cosmetics' ETF invests in indie brand companies leading K-beauty in the global cosmetics market...
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Money Flocks to 'K-Beauty' ETFs - Smart Today|Smart Today = Reporter Kim Yoon-jin| Mirae Asset Global Investments’ ‘TIGER Cosmetics ETF’ surpassed KRW 200 billion in net assets. According to the Korea Exchange on the 3rd, the net assets of ‘TIGER Cosmetics ETF’ based on the closing price of the previous day were KRW 215.5 billion. This is the largest scale among beauty/medical device related ETFs listed in Korea. ‘TIGER Cosmetics E
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Mirae Asset Management's 'TIGER Cosmetics' Surpasses 200 Billion KRW in Net Assets - EdailyMirae Asset Management announced on the 3rd that the net assets of their 'TIGER Cosmetics' ETF (Exchange-Traded Fund) have surpassed 200 billion KRW. According to the Korea Exchange, the net assets of the TIGER Cosmetics ETF as of the previous day's closing price were tallied at 215.5 billion KRW. This is the largest scale among beauty and medical device related ETFs listed domestically....
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