Mirae Asset Global Investments announced on June 2 that its ‘TIGER U.S. Philadelphia AI Semiconductor Nasdaq ETF (497570)’ has surpassed 200 billion KRW in cumulative net purchases by individual investors since its listing.
According to the Korea Exchange, as of May 30, the ETF's cumulative net purchase by retail investors reached 237.6 billion KRW. Since its listing on November 26, 2024, continuous capital inflows have driven the total net purchases above 200 billion KRW within approximately six months.
The ETF’s underlying index is the ‘PHLX US AI Semiconductor Index (ASOX),’ launched by the Nasdaq Stock Market in 1993 as a global representative semiconductor sector index. Recently, the index was revised to reflect the transformative impact of AI on the semiconductor industry by increasing the weight of AI-related companies from the traditional ‘Philadelphia Semiconductor Index.’ This new index aims to capture the growth potential of the AI-driven semiconductor sector.
The AI semiconductor market has recently regained upward momentum, with investor sentiment recovering amid the sector’s rally. Leading AI chip maker Nvidia reported a quarterly earnings outlook significantly exceeding market expectations, causing its stock price to surge. Nvidia’s market cap has rebounded to $3.2 trillion. Expectations of further stock price increases are heightened by upcoming product launches such as ‘Blackwell Ultra’ and ‘Vera Rubin,’ scheduled for the second half of this year.
As the world’s first ETF following the ASOX index, the ‘TIGER U.S. Philadelphia AI Semiconductor Nasdaq ETF’ offers specialized exposure to the rapidly expanding AI semiconductor market—focusing on ‘legacy-free’ chips crucial for AI applications. The fund concentrates on cutting-edge semiconductor value chains such as foundries, IP & EDA, equipment, post-processing, and foundry operations, excluding traditional industrial legacy chip companies. Notably, it assigns a 20% weight to the current top-ranked stock (Nvidia as of May 30), allowing for a higher growth-focused allocation compared to the traditional Philadelphia Semiconductor Index.
Dae-hyun Jeong, ETF Business Head at Mirae Asset Global Investments, commented, “With Nvidia’s leading-edge roadmap and upward revisions of earnings estimates for AI semiconductor companies, the rally in this sector is reigniting. The ‘TIGER U.S. Philadelphia AI Semiconductor Nasdaq ETF’ provides an effective way to capture the growth momentum of the AI semiconductor market.”
