Mirae Asset, New Listing of 'TIGER China Humanoid Robot ETF'

[Financial News] Mirae Asset Management announced on the 27th that it will newly list the 'TIGER China Humanoid Robot ETF' on the Korea Exchange.
TIGER China Humanoid Robot ETF invests in China's value chain, including Chinese humanoid robot companies with technological and cost competitiveness under the world's largest robot manufacturing base, and essential component companies for humanoid production. The ETF's underlying index is the 'Mirae Asset China Humanoid Robot Index'. It includes Chinese humanoid robot companies listed in China and Hong Kong. As of the 26th, major investment items include 'UBTech', 'Shenzhen Inovance Tech', and 'Iflytek'.
China's AI technology and humanoid robot industry are rapidly growing. Since the 2010s, China has been focusing on the robot industry, nurturing humanoid robots as the next-generation growth engine.
China holds an overwhelming market share in the essential component sector necessary for mass production of humanoids. By domesticating the entire value chain necessary for humanoid production, it is expected to gain an advantage in terms of technological and price competitiveness.
TIGER China Humanoid Robot ETF assigns a 10% cap weight to humanoid robot manufacturers and an 8% cap weight to core component companies during regular changes. This is to actively invest in humanoid robot manufacturers, which are expected to benefit the most structurally in terms of product platformization and service expandability, located at the top of the humanoid robot value chain. Additionally, it considers the occasional inclusion of newly listed items every month.
Jung Hyun Jeong, head of ETF Management at Mirae Asset Management, said, “The TIGER China Humanoid Robot ETF excludes existing legacy robot industry companies such as industrial automation robotic arms and assembly machine manufacturers, and focuses on next-generation humanoid-related companies as a 'Pure China Humanoid ETF'. Considering that there are many promising unlisted companies in the humanoid robot-related industry in China, it is designed with a flexible rebalancing structure that allows for occasional inclusion of newly listed items every month, in addition to regular changes.”

dschoi@fnnews.com Choi Doo-sun Reporter