The actively managed ETF focuses on leading Kosdaq sectors and core growth stocks, with flexible portfolio adjustments based on market conditions. Semiconductor materials, components and equipment firms are in focus amid rising AI investment, with growth expected in HBM, packaging and MLCC. Expanding policy funding and a wave of initial public offerings open new opportunities in robotics, medical AI and other emerging industries.
Mirae Asset Global Investments has listed the TIGER Kosdaq Active ETF, a new actively managed fund focused on high-growth industries including AI and semiconductors. The product concentrates on leading Kosdaq sectors and core growth stocks while applying an active strategy that flexibly adjusts holdings in response to market shifts.
On Monday, Mirae Asset Global Investments hosted a webinar through the TIGER ETF official YouTube channel "Smart Tiger" to introduce the fund's investment strategy and share its outlook on the Kosdaq market.
The Kosdaq market is drawing attention as a key destination for future growth industries as global AI investment expands and policies to nurture emerging sectors gain momentum.
Investment demand is rising across growth industries including AI, semiconductors, biotech, robotics and space. As growth rates and competitive strength diverge sharply among companies, stock selection is becoming increasingly important, the firm said.
The TIGER Kosdaq Active ETF applies an active management strategy that concentrates on leading Kosdaq sectors and core growth stocks while limiting overconcentration in any single holding. Unlike existing Kosdaq 150 passive ETFs, which build portfolios around market capitalization, this fund adjusts stock weightings flexibly based on growth potential and industry trends.
The fund spreads investment across 60 to 90 stocks to reduce reliance on any single holding while building a portfolio centered on core growth industries.
Mirae Asset Global Investments said it views semiconductor materials, components and equipment firms as among the primary beneficiaries of the AI era. As global hyperscalers ramp up AI investment and memory chipmakers increase capital expenditure, demand is expanding across the semiconductor value chain — including HBM, advanced packaging and multilayer ceramic capacitors, or MLCC, the firm said.
The advancement of AI hardware led by Nvidia and the proliferation of AI data centers are also seen as key growth drivers for related companies, it added.
Expanding policy funding and a growing number of large initial public offerings were also highlighted as major investment points for the Kosdaq market. Mirae Asset Global Investments said next-generation industry ecosystems — spanning defense, robotics, autonomous driving, medical AI and space — are forming rapidly alongside the spread of AI-driven new industries.
The firm also said that amid deglobalization and supply chain restructuring, the competitiveness of domestic manufacturers, biotech firms and consumer goods companies is being reassessed, and that investment opportunities are expanding for turnaround companies expected to post earnings improvements following industry restructuring.
Mirae Asset Global Investments said the TIGER Kosdaq Active ETF targets returns above its benchmark rather than simple index tracking. The fund plans to respond flexibly to Kosdaq market changes by actively adjusting the weighting of leading sectors and core stocks in line with market shifts and industry trends.
Foreign investors have been pouring money into the Kosdaq in recent weeks. According to Korea Exchange, foreign investors' net purchases of Kosdaq-listed stocks reached 2.84 trillion won (about $1.89 billion) from the start of this month through May 29 — the highest on record, surpassing the previous record of 2.79 trillion won ($1.86 billion) set in July 2023, nearly two years and 10 months ago. The most heavily bought stock was Padu, with net purchases of 437 billion won ($291 million). The Kosdaq stood at 1,074.80 as of the previous session's close, holding above the 1,000 mark.
th5@heraldcorp.com
