Mirae Asset’s TIGER US Space Tech ETF Sets Record, Surpasses KRW 500 Billion in 12 Trading Days
The 'TIGER US Space Tech ETF' from Mirae Asset Asset Management has set a new record by crossing KRW 500 billion in net assets just 12 trading days after listing—making it the fastest-growing overseas equity ETF in Korea. The fund, which started at KRW 30.8 billion, has surged nearly 17-fold, with approximately 71% of total individual net purchases in space-themed ETFs flowing into this particular product, demonstrating strong retail investor interest. The ETF’s concentrated portfolio consists of 10 pure-play US space companies, and its structure allows for swift inclusion of SpaceX upon its anticipated IPO, underscoring its competitive design.
While investor enthusiasm for the space sector and the projected growth of private companies have fueled strong inflows, concerns over poor returns and increased volatility for aerospace-related ETFs are emerging. Declines in share prices of key holdings, such as AST SpaceMobile, are dampening overall ETF performance. The upcoming SpaceX IPO may trigger additional volatility, as local asset managers could struggle to secure allocation and may be forced to buy at elevated prices, potentially leading to corrections post-listing. Investors are advised to remain cautious of these risks moving forward.
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TIGER US Space Tech ETF Surpasses 500 Billion KRW in Net Assets in 2 Weeks - Financial NewsDriven by the domestic enthusiasm for space theme investments, Mirae Asset Management's 'TIGER US Space Tech ETF' surpassed 500 billion KRW in net assets within 12 trading days of listing. Notably, from the 14th of last month to the 6th of this month, 4.434 billion KRW out of the 6.247 billion KRW of net personal purchase funds inflow into the domestic listed US space theme ETFs was concentrated in this ETF…
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'TIGER U.S Space Tech ETF' Surpasses 500 Billion Won in Net Assets…Fastest Record - Financial NewsDriven by enthusiasm for space-themed investments in South Korea, Mirae Asset Global Investments' 'TIGER U.S Space Tech ETF' has surpassed 500 billion won in net assets just 12 trading days after listing. According to an industry insider, "Recently, in the domestic ETF market, space industry has emerged as the next-generation growth theme following semiconductors and artificial intelligence, leading to an influx of funds into related products."
‘TIGER U.S. Space Tech ETF’ Surpasses 500 Billion Won in Net Assets - Herald EconomyMirae Asset Management announced on the 7th that the 'TIGER U.S. Space Tech Exchange Traded Fund (ETF)' has surpassed 500 billion won in net assets. This was achieved in just 12 trading days since its listing as of the 29th of last month in the domestic market.
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Mirae Asset Global Investments’ 'TIGER US Space Tech' Surpasses 500 Billion KRW in Net Assets Within 12 Days of Listing - NewsPim[Seoul=NewsPim] Reporter Kim Ga-hee = On the 7th, Mirae Asset Global Investments announced that its 'TIGER US Space Tech' ETF surpassed 500 billion KRW in net assets just 12 trading days after its listing. This is the fastest record among domestically listed overseas equity ETFs. According to the Korea Exchange, the previous day.
'Space Money' Poured In... 'TIGER US Space Tech ETF' Surpasses 500 Billion KRW in Net Assets - Herald Economy[Herald Economy=Reporter Jung Yoon-hee] Mirae Asset Global Investments announced on the 7th that the 'TIGER US Space Tech ETF' had surpassed 500 billion KRW in net assets. As of the 29th of last month, it has been listed for 12 trading days.