The POSCO Group exchange-traded fund (ETF) has emerged as the top-performing group stock product over the past month.
According to the Korea Exchange on 16th, the revenue of 'ACE POSCO Group Focus' increased by 24.32% over the past month. Compared to other large corporation group stock ETFs, it recorded the highest revenue.
During the same period, 'PLUS Hanwha Group' (7.35%), 'KODEX Samsung Group' (-4.77%), and 'KIWOOM SK Group Representative Stock' (-2.60%) all recorded lower revenues than ACE POSCO Group Focus.
ACE POSCO Group Focus recorded a revenue of -53% last year, the lowest performance among all stock-type ETFs. The poor performance was significantly influenced by the sluggishness in the institutional sector of the secondary battery. It was particularly affected by the election of Donald Trump as the President of the United States, who had a negative stance on electric vehicle subsidies.
However, recently, as President Trump expressed a desire for South Korea to participate in the Alaska gas pipeline project, the sentiment started to shift. In a recent joint address to Congress, President Trump mentioned the Alaska natural gas pipeline construction project, saying, "Japan, South Korea, and other countries want to invest trillions of dollars each and become our partners," leading to a renewed interest in POSCO Group's main sectors of steel and liquefied natural gas (LNG).
China's announcement of large-scale steel production cuts also contributed to rising stock prices. The stock prices of POSCO INTERNATIONAL (35%) and POSCO Holdings (22%) included in ACE POSCO Group Focus showed double-digit growth over the past month.
Meanwhile, ACE POSCO Group Focus is the first POSCO Group stock ETF listed in South Korea by Korea Investment Trust Management in 2023, tracking the 'FnGuide POSCO Group Focus Index' calculated and announced by FnGuide, and features stocks from six POSCO Group companies as well as the top market capitalization stocks in the same sector as POSCO Group.