Kiwoom Asset Management said on the 15th it will list the "KIWOOM U.S. space data center infrastructure exchange-traded fund (ETF)" on the Korea Exchange on the 16th.
The product is an ETF that invests in space launch corporations and corporations related to space data center infrastructure. It included SpaceX up to 25% following its listing on the 12th. The portfolio invests 50% in space launch corporations such as SpaceX and Rocket Lab, and 50% in space data center infrastructure corporations.
Key holdings include Amazon and Alphabet, which are pursuing their own space data businesses, and semiconductor corporations Nvidia and Intel, which handle core data center computing. It also includes Lumentum, which has satellite laser communication technology; First Solar, a corporation related to space solar power; and STMicroelectronics, which supplies communication chips and power semiconductors for space and satellite environments.
Kiwoom Asset Management planned the product in line with a market trend that recently has been focusing on space data centers as next-generation data infrastructure. With interest in the space industry growing on the back of SpaceX's listing, the company noted the potential for AI-based satellite communication infrastructure such as Starlink to emerge as a new data platform.
Lee Kyung-jun, head of ETF management at Kiwoom Asset Management, said, "With the growth of the AI industry driving a surge in demand for data storage and computing, securing power and improving cooling efficiency have become core issues for the data center industry," and added, "Accordingly, space data centers that use satellite networks and space power are drawing attention as an alternative for next-generation data infrastructure, and related investment by global corporations is also expanding."