Mirae Asset Global Investments said on the 23rd it will change the names of three exchange-traded funds (ETFs) that invest in group stocks.
The existing "TIGER Hyundai Motor Group+ Fundamental" ETF will be renamed "TIGER Hyundai Motor Group Plus" ETF, and the "TIGER Samsung Group Fundamental" ETF will be renamed "TIGER Samsung Group" ETF. In addition, the "TIGER LG Group+ Fundamental" ETF will be changed to the "TIGER LG Group Plus" ETF.
According to Mirae Asset Global Investments, the name changes are intended to help investors intuitively understand that the products focus their investments on the core affiliates of each group.
The "TIGER Hyundai Motor Group Plus" ETF is the only ETF in Korea that invests in Hyundai Motor Group stocks. It also captures the group affiliates' core growth pillars expanding not only into physical artificial intelligence (AI) but also shipbuilding, defense, nuclear power, and power equipment.
In particular, it includes HD Korea Shipbuilding & Offshore Engineering and HD Hyundai Heavy Industries, which are expected to benefit from the second boom in shipbuilding; Hyundai Rotem, which is seeing increased defense orders materialize; Hyundai Engineering & Construction, cited as a beneficiary of the expansion of nuclear power projects; and HD Hyundai Electric, a key power equipment company.
The "TIGER Samsung Group" ETF invests in the growth pillars that represent Korea's industries—such as semiconductors, construction, secondary batteries, bio, and shipbuilding—centered on core affiliates within the group including Samsung Electronics, Samsung C&T, and Samsung SDI. In the KOSPI market's re-rating phase, investors can invest at the group level across Samsung Group's main businesses.
The "TIGER LG Group Plus ETF" invests across future industries—such as secondary batteries, eco-friendly materials, electronics, and displays—centered on the group's core affiliates, including LG Chem, LG Electronics, and LG Display. It allows diversified investment in LG Group, which stands out in its growth and transformation, focusing on LG Group's vertical integration structure that connects "materials, parts, finished goods, and services."
Jung Ui-hyeon, head of ETF management at Mirae Asset Global Investments, said, "By changing the names of these group stock ETFs, we made it easier for investors to compare and understand them," adding, "In particular, the 'TIGER Hyundai Motor Group Plus ETF' is a product that captures, at the group level, Hyundai Motor Group's structural growth story that is expanding not only into physical AI but also into shipbuilding, defense, nuclear power, and power equipment."