Mirae Asset Global Investments said on the 2nd that it changed the name of the "TIGER TOP10" exchange-traded fund (ETF) to "TIGER Korea TOP10."
Listed in 2018, the "TIGER Korea TOP10" ETF invests in the top 10 stocks by free-float market capitalization on the main board and KOSDAQ, including ▲ semiconductors (Samsung Electronics, SK hynix) ▲ finance (KB Financial Group, Shinhan Financial Group, Hana Financial Group) ▲ defense (Hanwha Aerospace) ▲ artificial intelligence (NAVER, Hyundai Motor).
Mirae Asset Global Investments expects that the name change will allow the ETF's portfolio, which focuses on Korea's leading corporations, to be conveyed intuitively to investors.
Jeong Ui-hyeon, head of ETF management at Mirae Asset Global Investments, said, "With the won's weakness adding to the momentum, export growth by Korea's leading corporations is strengthening, and interest in domestic leading bank stocks is rising with the introduction of separate taxation on dividends," adding, "Through the 'TIGER Korea TOP10' ETF, investors can effectively invest in the large-cap stocks leading the Korean stock market."