Korea Investment Management (KIM) said on the 22nd that the net worth of the ACE U.S. Space Tech Active exchange-traded fund (ETF) surpassed 100 billion won.
According to Korea Exchange (KRX), as of the previous day the net worth of the ACE U.S. Space Tech Active ETF totaled 103.7 billion won. After listing on the stock market on the 14th, it exceeded 100 billion won in net worth in just six trading days. The size at listing was 11 billion won.
The ACE U.S. Space Tech Active ETF is an active ETF that aims to outperform its benchmark index and invests in space-based tech corporations. Its main targets are corporations related to space services, including ▲ reusable launch vehicles ▲ artificial intelligence (AI) Satellite Data Analytics ▲ space data centers. It focuses its portfolio on New Space corporations rather than aviation and defense corporations.
Top holdings include ▲ EchoStar ▲ Rocket Lab ▲ Planet Labs ▲ Intuitive Machines ▲ MDA Space ▲ Firefly Aerospace. In particular, EchoStar, which holds equity in SpaceX, has a portfolio weight of 22.65%, the highest among ETFs listed in Korea. MDA Space and York Space Systems, both newly listed this year, are included only in the ACE U.S. Space Tech Active ETF.
Since listing, the ACE U.S. Space Tech Active ETF has posted a return of 7.63%, the highest among nine space and aviation ETFs listed in Korea.
Net buying centered on individuals is also continuing to flow in. Since listing, individual investors' net purchases of the ETF have totaled 52.6 billion won. Notably, individual net buying flowed in for six consecutive trading days after listing.
A new-purchase event is also underway. By May 13, those who newly buy 10 or more shares of the ETF and verify the purchase can receive prizes through a drawing. The prepared prizes are ▲ Galaxy Watch 8 (1 winner) ▲ Kyochon Chicken e-gift card (80 winners) ▲ Baskin-Robbins e-gift card (400 winners), and winners can check on the ACE ETF website on June 1.
Kim Hyeon-tae, head of the Global Quant Management Department at KIM, said, "Because the space industry is still in its early growth stage, it is important to respond quickly to market changes and build a portfolio focused on high-growth pure space technology corporations," and added, "We are managing the ACE U.S. Space Tech Active ETF based on research experience in the space industry accumulated while running the Korea Investment Global Space Technology & Defense fund for three years from 2023."
Kim added, "As an active ETF, it can quickly include newly listed names such as SpaceX," and said, "This is an ETF in which a person directly responds to the SpaceX listing, rather than mechanically buying without regard to the share price."
The ACE U.S. Space Tech Active ETF is a performance-based distribution product, and past performance does not guarantee future results; principal losses may occur depending on management outcomes.