Korea Investment Trust Management "ACE ETF Net Asset Value Surpasses 5 Trillion Won"

Korea Investment Trust Management announced on the 18th that the total net asset value of the ACE Exchange-Traded Fund (ETF) has surpassed 5 trillion KRW. This milestone was achieved about two months after surpassing 4 trillion KRW in net assets at the end of April.

According to Korea Investment Trust Management, as of the 17th, the total net asset value of the ACE ETF stands at 5.0823 trillion KRW. This represents a 75.05% increase compared to the beginning of the year. Notably, among the top asset management companies by market share in the ETF market, Korea Investment Trust Management is the only one that has consistently increased both net asset value and market share since the start of the year.

The net asset value of Korea Investment Trust Management’s ACE ETF recorded 2.9033 trillion KRW at the beginning of the year and exceeded 3 trillion KRW within the same month. Subsequently, it gradually increased to 3.6404 trillion KRW at the end of February and 3.7687 trillion KRW at the end of March, successfully surpassing 4 trillion KRW (4.1039 trillion KRW) at the end of April.

Thereafter, the net asset value continued to grow steadily in May (4.3236 trillion KRW) and June (4.7298 trillion KRW), reaching a historic first milestone of 5.0395 trillion KRW on the 13th.

During this period, the market share within the ETF market also steadily expanded. The market share of Korea Investment Trust Management’s ACE ETF was 3.68% at the beginning of the year, exceeded 4% by the end of February, and currently approaches 5% (4.98%).

The increase in the net asset value of Korea Investment Trust Management’s ACE ETF is attributed to the continuous launch of investor-tailored products following the rebranding of the ETF brand from KINDEX to ‘ACE’ in October last year.

Representative products launched after the rebranding include ▲ ACE Global Semiconductor TOP4 Plus SOLACTIVE ETF (November 15, 2022) ▲ ACE Nvidia Bond Mixed Bloomberg ETF (November 29, 2022) ▲ ACE U.S. 30-Year Treasury Active (H) ETF (March 14, 2023) ▲ ACE Tesla Value Chain Active ETF (May 16, 2023).

Among these, the ACE Global Semiconductor TOP4 Plus SOLACTIVE ETF and ACE Nvidia Bond Mixed Bloomberg ETF have recorded the highest year-to-date returns among semiconductor ETFs (excluding leveraged) and bond mixed ETFs, respectively. As of the previous day, the year-to-date returns of the ACE Global Semiconductor TOP4 Plus SOLACTIVE ETF and ACE Nvidia Bond Mixed Bloomberg ETF were 65.78% and 49.16%, respectively.

The ACE U.S. 30-Year Treasury Active (H) ETF and ACE Tesla Value Chain Active ETF, newly listed this year, have rapidly grown in size due to strong net buying by individual investors. The ACE U.S. 30-Year Treasury Active (H) ETF surpassed 200 billion KRW in net assets within four months of listing (2.118 trillion KRW as of the 17th), and the ACE Tesla Value Chain Active ETF’s net asset value reached approximately 150 billion KRW (1.476 trillion KRW as of the 17th) within two months. The cumulative net buying amounts by individual investors since listing are 107.8 billion KRW and 38.4 billion KRW, respectively.

Jae-gyu Bae, CEO of Korea Investment Trust Management, said, "Our goal at Korea Investment Trust Management is ‘investment that helps customers make money,’” adding, “To achieve this, we aim to provide products that customers need and deliver excellent performance.”

He continued, "The fact that investors have recognized our efforts seems to have led to achieving a net asset value of 5 trillion KRW," and added, "We will continue to do our best to timely supply products needed by investors so that ACE ETFs can establish themselves as a means of asset allocation."

Meanwhile, the products mentioned in the article are performance-distributing products, and past performance does not guarantee future results. Principal loss may occur depending on management outcomes.

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