Korea Investment Management said on the 18th that the net asset value of the ACE AI Semiconductor TOP3+ exchange-traded fund (ETF) has surpassed 500 billion won.
According to the Korea Exchange (KRX), as of the 17th, the net asset value of the ACE AI Semiconductor TOP3+ ETF stood at 529.4 billion won. The fund's net asset value at the end of last year was 133.6 billion won, and it has grown 296.27% this year.
ACE AI Semiconductor TOP3+ ETF is a semiconductor ETF that Korea Investment Management listed in Oct. 2023. At the time of listing, it was "ACE Semiconductor Focus," but it changed its name to "ACE AI Semiconductor TOP3+" earlier this month.
Korea Investment Management said it changed the name to reflect that the ETF focuses its investments on three leading artificial intelligence (AI) semiconductor corporations.
At the top of the ACE AI Semiconductor TOP3+ ETF's holdings by weight are ▲ HANMI Semiconductor ▲ Samsung Electronics ▲ SK hynix. The combined weight of the three is maintained at around 75%.
The six-month return is 163.36%, the highest among 44 domestic semiconductor ETFs excluding leveraged products. The one-year return is also 237.83%, the second highest among semiconductor ETFs. Since listing, the return has reached 331.19%.
Funds from individual investors that have flowed in this year totaled 68.5 billion won, while total inflows over the same period came to 234.2 billion won.
Nam Yong-soo, head of ETF management at Korea Investment Management, said, "With the deepening of AI technology, the semiconductor market has become a high-growth industry that creates high added value centered on HBM," and "the investment utility of the ACE AI Semiconductor TOP3+ ETF, which includes core HBM names and the HBM supply chain and related value chain, will increase."
Meanwhile, the ACE AI Semiconductor TOP3+ ETF is a performance-distribution product, and past performance does not guarantee future results, with the possibility of principal loss depending on management outcomes.