A Mirae Asset Global Investments model promotes the company’s two ETF products that cover companies related to ChatGPT. Photo courtesy of Mirae Asset Global Investments

Korea’s top asset management firm leading high-tech investment trends

South Korea’s Mirae Asset Global Investments announced on March 24 that the company would lead the high-tech investment trends by focusing on firms with advanced technology.

For example, the country’s top asset management company has attracted investors with its TIGER US Tech Top10 INDXX ETF over the past few years.

In particular, the debut of OpenAI’s artificial intelligence chatbot dubbed ChatGPT late last year boosted the popularity of the ETF product in 2023.

The ETF is composed of such corporations as Microsoft and Alphabet. The former is a major investor in OpenAI, while the latter is also developing its own generative AI program dubbed Bard.

The price of the US Tech Top 10 ETF jumped 31.11 percent this year as of March 21.

Another high performer of Mirae Asset is TIGER US PHLX Semiconductor Sector Nasdaq ETF, which is designed to chase the fluctuations of the Philadelphia Semiconductor Sector.

The sector refers to an index of the 30 largest U.S. companies primarily involved in the design, distribution, manufacture, and sale of semiconductors.

As the advent of ChatGPT and other AI features boosted the demand for chips, the dedicated Mirae Asset ETF also saw its price jump 29.21 percent this year.

“ChatGPT is technologically advanced itself. At the same time, it has helped people gain great interest in the AI segment,” said Sung Tae-kyung who leads Mirae Asset’s ETF office.

“Going forward, we will continue to provide various TIGER ETF lineups focusing on futuristic and innovative technologies.”

Brief for Exchange Trade Funds, ETFs track an index as compared to index funds. They are regarded as low-risk investments because of their diversification, affordable management feeds, and high price visibility.

During the past several years, ETFs have gained traction across the globe thanks to their notable performances.