Mirae Asset Management Gains from Sino-Japanese Tensions with ETFs
Recent geopolitical tensions between China and Japan have inadvertently benefited South Korea's tourism and consumer industries, leading to heightened interest in Mirae Asset Management's 'TIGER Cosmetic' and 'TIGER Travel & Leisure' exchange-traded funds (ETFs). The 'TIGER Cosmetic ETF,' focused heavily on Korean cosmetics firms, has reached 421.6 billion won in assets, while the 'TIGER Travel & Leisure ETF,' investing in diverse leisure companies like Lotte Tour Development and Paradise, holds 109.2 billion won in assets.
China's advisory against its citizens traveling to Japan has driven an increase in Chinese tourists visiting South Korea, consequently boosting demand for Korean tourism services and K-beauty exports. This trend has positively affected the overall South Korean market, translating into rising values for the associated ETFs.
Mirae Asset Management anticipates the continued growth of South Korea's tourism and consumer sectors amid these Sino-Japanese tensions. The combined assets of the two ETFs have already surpassed the 500 billion won mark, underscoring South Korea's adept ability to leverage regional external conflicts into new opportunities. This case vividly illustrates how quickly the Korean market can respond to and capitalize on international developments.
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