Mirae Asset Global Investments said on the 21st that it will launch the TIGER Korea AI power equipment TOP3 Plus exchange-traded fund (ETF).
The TIGER Korea AI power equipment TOP3 Plus ETF concentrates investments in 10 representative K-power equipment corporations that have emerged as global top tier. It builds its portfolio around the three leaders in power equipment—Hyosung Heavy Industries, HD Hyundai Electric, and LS ELECTRIC.
Power equipment is an industry that develops, produces, and supplies essential devices and systems for generating, transmitting, and distributing electricity (generators, transformers, motors, etc.). Based on high efficiency, eco-friendliness, and advanced technology, it plays a key role across various industries, and securing competitiveness in the global market is becoming increasingly important as technology standardization and international competition intensify.
Mirae Asset Global Investments explained that through this ETF, investors can effectively invest in domestic power equipment corporations that have begun to overtake global companies. Domestic power equipment corporations are not only clearly superior in technology—such as ultra-high-voltage capability, HVDC technology, and advances in cooling and insulation—but are also achieving higher growth rates than global competitors by leveraging quick delivery based on timely capacity expansion. In particular, they are rapidly increasing market share in the largest market, the United States, while securing ample references.
Jeong Ui-hyeon, head of ETF management at Mirae Asset Global Investments, said, "In power infrastructure investment, domestic corporations are emerging as global top tier with facility investment, technological prowess, international certifications, and references all in place," adding, "The TIGER Korea AI power equipment TOP3 Plus ETF focuses on corporations in the BIG 3 with turnkey order capabilities and on a vertically integrated structure that consolidates the value chain, allowing investors to actively expect benefits from growth in the power equipment market."
Meanwhile, Mirae Asset Global Investments will hold a listing commemorative event for transaction customers to mark the new launch. At Eugene Investment & Securities, some customers who meet the daily transaction conditions for the ETF will receive culture gift certificates. Details of the event are available on the securities firm's website.