TIGER Semiconductor TOP 10 (396500) 🔎 In-depth
Mirae Asset · Equity · Korea · Sector · Industry · Price 2026-08-06 · Analysis 2026-07-14
This is a sector ETF that concentrates on the ten leading semiconductor companies listed on Korea's stock market. Centered on large-cap chip names such as Samsung Electronics and SK Hynix, it moves in step with the broader trend of Korea's semiconductor industry.
This page organises public pricing and fund data for information purposes. It is not a recommendation to buy or sell, nor investment advice. Fees and distributions follow the manager's official disclosures and may change. Please verify with the fund manager's own materials and decide at your own responsibility.
Price as of 2026-08-06 close
USD values (market cap, AUM, turnover) are converted from KRW at ₩1,423.5 per US$ (2026-08-07); won figures are as reported. Market cap is listed units × market price, while AUM is the fund's net asset value — the two are close but not identical.
Returns & tracking as of 2026-08-06
| Period | ETF (NAV) | Index | Excess |
|---|---|---|---|
| 1M | -24.81% | -24.01% | -0.80% |
| 3M | -32.31% | -33.55% | +1.24% |
| 6M | +11.44% | +9.46% | +1.98% |
| 1Y | +167.06% | +162.84% | +4.22% |
| 3Y | +231.69% | +227.93% | +3.76% |
Returns are NAV-based (distributions not reinvested); the index is the provider's price index, and tracking error is the annualized standard deviation of daily NAV-minus-index return differences. Source: data.go.kr securities market-price API.
Fees & distributions
Fees prior fiscal year · Mirae Asset official disclosure
Distributions Source: Mirae Asset distribution notice·KRX
Distributions vary with fund performance; paying out more than income can reduce principal.
Understanding this ETF
It follows the FnGuide Semiconductor TOP 10 Index. This index takes companies classified in the semiconductor sector among names listed on KOSPI and KOSDAQ, then narrows the field to the ten largest by market capitalization (company size). In short, it is an index made up only of Korea's flagship semiconductor stocks.
It tracks the index one-for-one and is filled solely with domestic semiconductor stocks, so it moves sharply with the state of the chip cycle and with the share prices of Samsung Electronics and SK Hynix. Because it is built from Korean equities, there is no separate FX-hedging issue. The weightings of the top two names are so large that when they rise or fall, the ETF reacts strongly along with them.
This is a product you can use when you want to invest with a concentrated focus on the growth of Korea's semiconductor industry. When the chip cycle is strong, it can rally with real force, but because it is skewed toward a handful of large caps, the drawdowns can also be steep if the semiconductor cycle turns down or the top names wobble. It is worth keeping in mind that this product shows clear concentration in a single industry rather than a broad diversification effect.
Entering 2026, expanding AI infrastructure investment and a sharp surge in demand for HBM (high-bandwidth memory) drove strong earnings and share-price performance for Korean memory chips, and this ETF rose substantially as well. In July, however, foreign selling and rebalancing pressure combined to pull large-cap chip names into a correction, and volatility widened.
In a word, it is a product that puts Korea's ten flagship semiconductor stocks in one basket, and the weight of just two names, Samsung Electronics and SK Hynix, is especially large.
Composition
Under the index rules, the two largest names (typically SK Hynix and Samsung Electronics) are each capped at around 25%, while the remaining eight are allocated according to free-float market capitalization. As a result, the top two names alone account for roughly half of the fund, giving it very high concentration in a small number of stocks. It centers on large-cap memory chipmakers, but companies across the semiconductor value chain, such as materials and equipment makers, are also included, giving it the character of a condensed set of Korea's flagship semiconductor stocks.
Classification
Notes & cautions
- The top two names carry very high weightings, so volatility can be large depending on their share prices and the state of the chip cycle.
- Because the product is concentrated in a single industry (semiconductors), its diversification effect is limited.
ETF terms explained
Korea FSC securities market-price API (data.go.kr) · ETF classification & tagging: our own descriptive categorization
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