Hantoo Asset Management Launches Two New ACE ETFs Featuring 'Semiconductors and Value Stocks' as New Flags

[Asia Economy Reporter Hwang Yoon-joo] Korea Investment Trust Management will list the ‘ACE Global Semiconductor TOP4Plus Solactive ETF,’ which invests in global semiconductor companies listed in the US and Korea, on the KOSPI on the 15th. On the same day, the ‘ACE Next Generation Value Stocks Active ETF,’ which selects and invests in about 50 domestic value stocks, will also be listed simultaneously.

This is the first product launched after Korea Investment Trust Management changed its ETF brand name to ‘ACE’ in September, which stands for ‘A Client Expert’ and ‘Accelerate Client Experience.’

The ‘ACE Global Semiconductor TOP4Plus Solactive ETF’ invests in the top 10 global semiconductor companies by market capitalization. It tracks the ‘Solactive Global Semiconductor TOP4 Plus Index’ calculated by the German index provider Solactive. It includes the number one market cap stocks in four categories?memory, non-memory, foundry, and semiconductor equipment?each comprising about 20%. The remaining 20% is equally allocated to the top six stocks by free-float market capitalization. Major components include Samsung Electronics (memory), Nvidia (non-memory), TSMC (foundry), and ASML (semiconductor equipment).

According to the Wall Street Journal (WSJ), the industry estimates that semiconductor sales will double over the next decade, exceeding $1 trillion annually. Developed countries such as the US and Europe are implementing various subsidy policies to relocate semiconductor production centers to their own countries. In August, the US enacted the Chips and Science Act (CSA), promoting investments totaling $280 billion. Europe is also significantly expanding its support scale, aiming to double its global semiconductor production share to 20% by 2030.

The ‘ACE Next Generation Value Stocks Active ETF’ is directly managed by the Equity Management Headquarters of Korea Investment Trust Management. It is an ‘all-around’ ETF investing in domestic value stocks covering large, mid, and small caps listed on the KOSPI and KOSDAQ markets. The investment targets are undervalued stocks that △do not lose competitive advantage in their core business △maintain steady growth △possess hidden value △have experienced excessive price declines △have high potential to transition into growth stocks. To thoroughly understand individual companies’ trends, on-site analysis through field visits is emphasized. One staff member conducts about 300 company meetings annually, and the entire Equity Management Department 1 performs over 1,000 company analyses.

Kim Ki-baek, the fund manager of the ‘ACE Next Generation Value Stocks Active ETF,’ also manages Korea Investment Trust Management’s representative value stock funds such as the ‘Korea Investment Small-Mid Value Fund’ and the ‘Korea Investment Long-Term Value Fund.’ He is well recognized in the industry as a young leader who will drive next-generation value investing.

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