Launch of TIGER Korea AI Power Equipment TOP3 Plus ETF
Launch of TIGER Korea AI Power Equipment TOP3 Plus ETF
Mirae Asset Global Investments successfully launched the 'TIGER Korea AI Power Equipment TOP3 Plus ETF' on the Korea Exchange. This ETF focuses on investing in ten leading Korean power equipment companies to enhance their competitiveness in the global market. The portfolio prominently features the 'Big Three': Hyosung Heavy Industries, HD Hyundai Electric, and LS Electric. This ETF reflects an ambition to expand its influence across North America, Europe, and the Middle East, accelerating growth for Korean power equipment companies. Notably, these companies are rapidly increasing their market share in the U.S. due to their advanced technological prowess. For example, Hyosung Heavy Industries secured orders over 1 trillion KRW in North America, and HD Hyundai Electric entered a significant contract with a Texas power company. Additionally, LS Electric secured considerable orders in North America, further strengthening their international competitiveness. The power equipment industry demands high-efficiency and eco-friendly technologies across the entire spectrum from electricity generation to transmission and distribution. Due to such innovative technological developments, domestic power equipment companies are gaining an edge in international markets, which creates a positive growth outlook for ETF investors. Mirae Asset Global Investments aims to provide attractive investment opportunities to domestic and global investors based on this potential.
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