Korea Investment Management said on the 1st that the total net worth of its "ACE" exchange-traded funds (ETFs) surpassed 2 trillion won.
According to the Korea Exchange, as of the previous day there were 100 ACE ETFs listed in Korea, with a combined net worth of 2.0276 trillion won. The net worth, which was 1.3 trillion won at the start of the year, rose 57.91% in nine months.
A flagship product driving the increase in net worth is the "ACE KRX gold spot" ETF. The ETF is a gold spot-type ETF that Korea Investment Management introduced in 2021 as the first of its kind in Korea, and its net worth has increased by 155.19 billion won this year. This is the largest increase in net worth among ACE ETFs, and as of the previous day its net worth was 217.47 billion won.
KIM said products investing in U.S. tech stocks also contributed significantly to the growth of ACE ETFs. Since changing its ETF brand to "ACE" in 2022, KIM has focused on launching products related to U.S. tech stock investing. As a result, the number of tech-related products in the ACE ETF lineup has grown to 16, and their combined net worth amounts to 549.28 billion won. That is an increase of 38.45% this year alone.
By product, the net worth of the "ACE U.S. Nasdaq 100" ETF increased the most (706.2 billion won). It was followed by the "ACE Tesla value chain active" ETF (392.4 billion won) and the "ACE U.S. big tech TOP7 Plus" ETF (240.5 billion won). The ACE Global Semiconductor TOP4 Plus ETF, which listed right after the rebranding, also saw its net worth grow by 48.6 billion won this year. The current net worth of each product is 2 trillion won, 1.1314 trillion won, 821.8 billion won, and 422.7 billion won.
The growth of bond-type products is also notable. The net worth of the "ACE U.S. 30-year Treasury active (H)" ETF, a U.S. long-term Treasury spot product that Korea Investment Management introduced as the first of its kind in Korea, increased by 543.1 billion won to 2.336 trillion won, and the net worth of its currency-unhedged version, the "ACE U.S. 30-year Treasury active" ETF, also rose by 233.4 billion won to 308.6 billion won. Notably, the "ACE high-grade corporate bond (AA- or above) active" ETF, which listed this year, surpassed 100 billion won in net worth on the 19th, two weeks after listing.
Nam Yong-su, head of ETF management at Korea Investment Management, said, "Since changing the ETF brand to ACE, net worth has increased more than sixfold in three years and market share has nearly doubled," adding, "As the brand name 'ACE' implies, it is the result of our efforts to become 'A Client Expert' by supplying products that customers need."