Korea Investment Management said on the 28th that it will newly list the ACE U.S. AI Tech Core Industries Active exchange-traded fund (ETF).
The ETF is an active product that invests in AI tech core industries that are leading changes in industrial paradigms by actively using artificial intelligence (AI).
The AI tech core industries targeted for investment are divided into four subsectors: "computing infrastructure," centered on high-performance semiconductors and cloud corporations; "energy infrastructure," corporations related to power generation facilities and cooling systems; "AI hardware," represented by Autonomous Driving and humanoids; and "AI software," summarized as AI-based decision-making and data analysis.
The constituents are determined by reflecting representativeness such as market share and market capitalization, partnerships with big tech corporations, and patented technological capability. As an active ETF, it seeks outperformance versus the benchmark index, and in addition to regular monthly asset rebalancing once a month, it also plans ad-hoc constituent changes reflecting market conditions.
As of the listing date, the number of constituents will be around 15, with major names including ◇ ▲ Reddit ▲ Oracle ▲ Meta ▲ Oklo ▲ AppLovin ▲ Robinhood.
Jeong Yu-tae, head of the global equity management team and the fund manager, said, "The ACE U.S. AI Tech Core Industries Active ETF not only flexibly responds to change by capturing leadership in core industries that evolve with the progress of AI, but also holds next-generation AI corporations," adding, "We will diversify across four areas—▲ computing infrastructure ▲ energy infrastructure ▲ AI hardware ▲ AI software—but, as an active ETF, we will flexibly adjust weights according to market conditions."