Korea Investment Management (KIM) said on the 15th that the net worth of the "ACE AI Semiconductor TOP3+ exchange-traded fund (ETF)" topped 1 trillion won.
According to the Korea Exchange (KRX) on the day, as of the previous day the ACE AI Semiconductor TOP3+ ETF's net worth stood at 1.0728 trillion won.
A KIM official said the net worth more than doubled in about two months after surpassing 500 billion won in March. The ACE AI Semiconductor TOP3+ ETF's net worth growth rate so far this year is about 703%.
The ETF is a domestic semiconductor ETF that KIM listed in Oct. 2023. Its hallmark is a concentrated investment in three representative High Bandwidth Memory (HBM) corporations.
The three representative corporations are SK hynix, Samsung Electronics, and HANMI Semiconductor. SK hynix and Samsung Electronics currently hold the No. 1 and No. 2 global HBM market shares. HANMI Semiconductor is the No. 1 company worldwide in market share for TC bonder equipment, a key machine required for HBM manufacturing.
In the current ACE AI Semiconductor TOP3+ ETF portfolio, the three stocks account for around 75%. Samsung Electro-Mechanics, Jusung Engineering, SIMMTECH, and Daeduck Electronics are also included.
Nam Yong-su, head of the ETF division at Korea Investment Management, said, "As the artificial intelligence (AI) industry expands and the semiconductor supercycle continues, in the case of HBM, which is central to AI semiconductors, domestic corporations are maintaining a monopoly or oligopoly," adding, "Through the ACE AI Semiconductor TOP3+ ETF, investors can invest in Samsung Electronics and SK hynix as well as HANMI Semiconductor, a key supplier of HBM-related core equipment, all at once."