Mirae Asset Global Investments, South Korea's capital market company, announced on December 10 that the net assets of the "TIGER China Electric Vehicle SOLACTIVE ETF" exceeded 3 trillion won.
According to the Korea Exchange, the net assets of the TIGER China Electric Vehicle SOLACTIVE ETF as of the closing price on December 9 are 3.10 trillion won. This year, it increased by 3,47.7 billion won, surpassing the 3 trillion won in net assets for the first time among foreign stocks.
Listed in December 2020, the TIGER China Electric Vehicle SOLACTIVE ETF invests in the rapidly expanding Chinese electric vehicle value chain.
The Chinese government is continuing its policy to phase out internal combustion engine vehicles and expand the supply of eco-friendly and electric vehicles.
In addition, Chinese electric vehicle and secondary battery-related companies are already occupying a global top tier position and are continuously expanding their power.
