Korea Investment Management said on the 3rd that the net asset value of the ACE Global Semiconductor TOP4 Plus exchange-traded fund (ETF) surpassed 600 billion won. It came three years after listing.
According to Korea Exchange (KRX), as of the Oct. 31 closing price, the net asset value of the ACE Global Semiconductor TOP4 Plus ETF was 611.1 billion won, with about 90 billion won of funds flowing in over the past three months. In particular, individual investors bought on net for 34 consecutive trading days recently.
Korea Investment Management said the ETF's growth has continued as market interest in semiconductor corporations has recently increased. The ACE Global Semiconductor TOP4 Plus ETF focuses on the global No. 1 companies in the four core institutional sectors of the semiconductor industry: ▲ memory ▲ non-memory ▲ foundry ▲ semiconductor equipment. The portfolio weights are KS Hynix 26.54%, ASML 18.72%, TSMC 18.39%, and Nvidia 17.76%.
The recent six-month return of the ACE Global Semiconductor TOP4 Plus was 103.49%, and the one-year return was 83.28%, outpacing the average of globally focused semiconductor ETFs listed in Korea (73.22% for six months and 51.61% for one year). The cumulative return since listing is 369.54%.
Nam Yong-su, head of ETF management at Korea Investment Management, said, "The ACE Global Semiconductor TOP4 Plus ETF is currently improving investment performance by focusing on global semiconductor corporations," and added, "We recommend long-term investment in the promising semiconductor industry by using retirement pension accounts such as defined contribution (DC) and individual retirement pension (IRP), as well as individual savings accounts (ISA)."