Kiwoom Investment Management announced on the 18th that Korea's first U.S. quantum computer-related exchange-traded fund (ETF) KOSEF U.S. Quantum Computing sold out its initial listing amount within five minutes of its launch.
According to Kiwoom Asset Management, the KOSEF U.S. Quantum Computing, which was listed on the KOSPI market the previous day, sold 750,000 shares (around 7.5 billion won) within five minutes of its opening. This indicates strong buying activity from investors right at launch.
A representative from Kiwoom noted, "It is common for ETFs to be 'sold out' on the day they are listed, but it is rare for the entire initial amount to be sold as soon as the market opens. This seems to reflect concentrated interest from investors focused on the high growth potential of the quantum computing industry."
The KOSEF U.S. Quantum Computing saw net purchases by individuals of 17.9 billion won the previous day, and today individuals also initiated purchases amounting to 5.5 billion won. The share price of KOSEF U.S. Quantum Computing rose to 10,925 won during trading the previous day, closing at 10,040 won today.
The KOSEF U.S. Quantum Computing is a product that invests in 20 corporations leading the quantum computing industry in the U.S. It includes major corporations within the quantum computing value chain, ranging from hardware and infrastructure that includes quantum computers to related software and services.
Significant investment proportions are allocated to IonQ, Marvell Technology, Honeywell International, NVIDIA, and IBM. It also invests in Amazon, Alphabet (Google), Palo Alto Networks, and Microsoft.