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Finance
Korean asset managers adjust ETF inclusion schedules ahead of SpaceX listing
South Korea\'s space-themed exchange-traded funds have repeatedly adjusted their plans to include SpaceX ahead of its expected Nasdaq listing. Strong expectations around the listing have drawn large inflows into related ETFs, but managers have changed inclusion and disclosure schedules close to the debut. Some funds plan to add exposure two trading days after listing rather than on the day itself. Investors are being urged to check actual inclusion timing, weights and volatility risks.
Finance
Mirae Asset\'s TIGER U.S. space tech ETF tops 2 trillion won in net assets
Mirae Asset Global Investments said net assets in its TIGER U.S. Space Tech ETF have surpassed 2 trillion won. The ETF’s net assets stood at 2.47 trillion won as of June 5, the Korea Exchange said. Retail investors drove most of the inflows into U.S. space-themed ETFs listed in South Korea, with the TIGER fund taking about 86% of net buying. The ETF posted a 49.6% one-month return as of June 4.
Finance
Mirae Asset TIGER U.S. Space Tech ETF net assets top 1 trillion won
Mirae Asset Global Investments\' TIGER U.S. Space Tech ETF has exceeded 1 trillion won in net assets 24 trading days after listing, the shortest time for a domestically listed passive ETF to reach that level. As of May 21, net assets stood at 1.3169 trillion won, according to the Korea Exchange. The ETF recorded a 38.9 percent return since listing and had a 30.9 percent return over the past month.
