KB Asset Management noted on the 20th that it has changed the name of the 'RISE U.S. Big Data TOP 3 Bond Mixed ETF' to 'RISE Tesla Apple Amazon Bond Mixed ETF.'
This name change aims to more intuitively and easily convey the core components of the exchange-traded fund (ETF) to investors (Tesla, Apple, Amazon).
'RISE Tesla Apple Amazon Bond Mixed ETF' is a bond mixed-type ETF that invests 13.3% each in leading U.S. big tech corporations Tesla, Apple, and Amazon, while holding 60% in government bonds. It maintains a 40:60 ratio of stocks to bonds through daily rebalancing, with bond holdings being replaced once per quarter.
'RISE Tesla Apple Amazon Bond Mixed ETF' selects only the number one corporations in data fields among U.S. big tech companies. Apple is the leader in the 'personal devices sector,' Amazon is the leader in the 'data platform sector,' and Tesla is the leader in the 'mobility data sector.'
No Ah-reum, head of the ETF business division at KB Asset Management, said, 'We changed the ETF's name intuitively so that investors can easily understand the core strategy of the product' and added, 'It will be an attractive investment alternative for those who want to maximize the stock ratio in their retirement pension accounts.'