Retail Net Buying of TIGER Samsung, SK Hynix Single-Stock Leveraged ETFs Tops 3 Trillion Won

Mirae Asset Global Investments said cumulative net buying by retail investors in the TIGER SK Hynix Single-Stock Leverage ETF and the TIGER Samsung Electronics Single-Stock Leverage ETF has surpassed 3 trillion won since their listing.

According to the Korea Exchange, retail investors had posted net purchases of 2.0845 trillion won in the TIGER SK Hynix Single-Stock Leverage ETF and 1.4614 trillion won in the TIGER Samsung Electronics Single-Stock Leverage ETF as of June 8. The total was reached in seven trading days after the funds were listed on May 27.

Cumulative net buying by retail investors in 16 single-stock leveraged and inverse ETFs listed the same day totaled 8.0784 trillion won as of June 8, including the two products. The TIGER SK Hynix Single-Stock Leverage ETF accounted for about 26% of that total. On its listing day, the fund recorded the largest first-day retail net buying for any ETF in the domestic market, at 690.9 billion won.

The asset manager said the rapid inflow of retail funds reflected expectations for growth at SK Hynix and Samsung Electronics, key players in the artificial intelligence infrastructure market and leaders in the global memory market. Demand from investors seeking more aggressive returns also contributed, it said.

The two ETFs secured a liquidity base from the initial setup stage, with multiple authorized participants, liquidity providers and foreign investors participating. Total annual fees were set at 0.0901%, or 9.01 basis points, lower than for comparable leveraged semiconductor-themed ETFs.

Park Su-bin, Hankyung.com reporter, waterbean@hankyung.com