Mirae Asset Global Investments said on the 22nd that the TIGER US Tech TOP10 INDXX ETF has newly added Palantir, a leading U.S. artificial intelligence (AI) software company.
Palantir's inclusion follows the December regular rebalancing of the benchmark index, Indxx US Tech TOP10. The Indxx US Tech TOP10 index is composed of the top 10 stocks by market capitalization among tech corporations listed on the U.S. Nasdaq market.
Through this regular change, Palantir will also be included in the currency-hedged product tracking the same benchmark index, the TIGER US Tech TOP10 INDXX (H) ETF, and the TIGER US Tech TOP10 Bond Mixed ETF, which diversifies investments across stocks and bonds.
Palantir started as a data analysis corporation focused on government, defense, and intelligence agencies, and recently has been expanding into a software platform corporation that integrates AI across corporate decision-making and overall operations. It joined the Nasdaq-100 index in Dec. last year, cementing its status as a core U.S. tech corporation, and is rapidly expanding its influence in the AI software market for private corporations.
Kim Nam-ho, head of Global ETF Management at Mirae Asset Global Investments, said, "Palantir has been rapidly emerging as a key corporation representing AI software in the global tech market," adding, "With Palantir's inclusion, we expect the product to more faithfully reflect the latest trends in the U.S. tech industry."
Meanwhile, Mirae Asset Global Investments is holding the "Commemorating Palantir's inclusion! TIGER US Tech TOP10 INDXX ETF purchase certification event." From the 22nd of this month to Jan. 16 next year, 100 customers who certify purchasing at least one share of the TIGER US Tech TOP10 INDXX ETF will be selected by lottery to receive an A TWOSOME PLACE e-gift card.