Samsung Asset Management's KODEX China Secondary Battery MSCI ETF Surpasses 100 Billion KRW in Net Assets

16.6% Return in the Last Month Since March Listing, 22.6% Return Since Inception

[Asia Economy Reporter Hwang Yoon-joo] Samsung Asset Management announced on the 11th that the net assets of the ‘Samsung KODEX China Secondary Battery MSCI (Synthetic) ETF’ have exceeded 100 billion KRW, reaching 104.2 billion KRW.

Investor interest has surged due to the explosive growth of the Chinese secondary battery and electric vehicle markets, surpassing 100 billion KRW in about three months since its listing in March. The fund has also shown strong performance with a 16.6% return over the past month and a 22.6% return since inception.

The Samsung KODEX China Secondary Battery MSCI ETF is the only domestically listed ETF that invests in leading Chinese companies related to ‘secondary batteries,’ a core theme of eco-friendly electric vehicles and renewable energy. It tracks the SCI China All Shares IMI Select Batteries Index as its underlying index, with a total expense ratio of 0.25% per annum.

Key holdings include ▲ CATL (Ningde Times, 21.1%), the world’s number one battery company in the global secondary battery market ▲ BYD (18.3%), the world’s second-largest battery manufacturer and the global leader in electric vehicle market share ▲ Gangbong Lithium (7.6%), the world’s largest producer of lithium hydroxide ▲ Tianqi Lithium (6.1%), the leading company in the lithium carbonate industry. These four companies account for 53% of the investment portfolio.

Notably, the three-month returns for Tianqi Lithium, BYD (A-shares), and Gangbong Lithium (A-shares) were 76.2%, 38.9%, and 25.9%, respectively, driving the index’s rise. Meanwhile, Tianqi Lithium is also expected to benefit from an upcoming IPO on the Hong Kong Stock Exchange on the 13th, which is anticipated to be the largest this year.

Im Tae-hyuk, Head of ETF Management at Samsung Asset Management, stated, "The Samsung KODEX China Secondary Battery MSCI ETF is a low-fee product that focuses on selecting and concentrating investments in leading Chinese secondary battery and electric vehicle companies that are driving not only the domestic Chinese market but also the global market." He added, "It is receiving positive responses from investors who want to invest in the rapidly growing secondary battery and electric vehicle industries, supported by government policies, especially in the Chinese market."

This content was produced with the assistance of AI translation services.