KCGI Asset Management said on the 21st it will launch the KCGI Fidelity Korea-U.S. AI Tech Fund [Equity], which will focus on key corporations in the artificial intelligence (AI) industries of Korea and the United States that are drawing attention as next-generation growth engines.
It is the second fund introduced after the strategic partnership agreement between KCGI Asset Management and Fidelity in January.
The product provides an advisory portfolio from global asset manager Fidelity that leverages its research network. After going through KCGI's verification process, it selects U.S. AI corporations, and through its own management process, it selects Korean AI corporations for inclusion.
The U.S. portfolio will center on corporations leading innovative technologies, including ▲software ▲semiconductors ▲networks ▲DEVICE. Korea will consist of corporations that complement the manufacturing sectors where U.S. corporations are vulnerable, including ▲memory semiconductors ▲ultra-high-voltage transformers and power equipment ▲robot parts.
This product seeks a strategy that maximizes synergy and diversifies risk by simultaneously investing in the United States' "soft power," which leads the global AI ecosystem, and Korea's "manufacturing."
To mark the fund's launch, KCGI Asset Management will hold a Korea-U.S. AI Tech Puzzle Challenge event on its website. It plans to award 115 people with e-gift cards and gift certificates by lottery.
A KCGI Asset Management official said, "We will quickly identify and concentrate investment in winner corporations whose earnings are becoming visible amid the structural shift called AI," adding, "By combining Fidelity's global research capabilities with our domestic management know-how, we will seek additional revenue through rigorous stock selection across the AI value chain."