Hantoo Asset Management Launches 3 ETFs Including POSCO Group, AI Semiconductors, and Japanese Semiconductors

Korea Investment Trust Management will newly list three exchange-traded funds (ETFs) on the Korea Exchange on the 17th, including two domestic equity ETFs and one overseas equity ETF.

According to Korea Investment Trust Management on the 16th, the three newly listed ETFs are categorized as the domestic equity ACE POSCO Group Focus ETF and ACE AI Semiconductor Focus ETF, and the overseas equity ACE Japan Semiconductor ETF.

First, the ACE POSCO Group Focus ETF is the first POSCO Group stock ETF introduced by Korea Investment Trust Management in Korea. The POSCO Group shows strengths in both the traditional steel industry and the future secondary battery sector. Six affiliates, including ▶POSCO International ▶POSCO Holdings ▶POSCO Future M ▶POSCO DX ▶POSCO M-Tech ▶POSCO Steelion, are listed on the Korea Exchange. The underlying index is the 'FnGuide POSCO Group Focus Index,' calculated and published by FnGuide. This index consists of POSCO Group stocks listed on the Korea Exchange and the top market capitalization stocks within the same industry as the POSCO Group. The index weighting allocates 95% to POSCO Group stocks and 5% to the remaining stocks.

The ACE AI Semiconductor Focus ETF concentrates investment on core companies related to artificial intelligence (AI) semiconductors and high-bandwidth memory (HBM). The underlying index is the 'FnGuide AI Semiconductor Focus Index.' It compresses and includes representative Korean semiconductor stocks that are establishing their position in the global semiconductor market. In the index composition, the investment weight for the top three companies by market capitalization in the AI semiconductor and HBM industries is 25% each, totaling 75%. The remaining 25% is invested equally in companies ranked 4th to 20th by market capitalization within the industry group.

The ACE Japan Semiconductor ETF is a currency-exposed product investing in semiconductor companies listed on the Japanese stock market. The underlying index is the Korean won-converted 'Bloomberg Japan Semiconductor Select Top 25 Price Return Index,' calculated and published by Bloomberg Index Services. Among Japanese semiconductor companies, 25 stocks that meet market representativeness and semiconductor business viability are selected and equally weighted. Market representativeness is evaluated by free-float market capitalization, and semiconductor business viability is assessed based on the proportion of semiconductor business sales to total corporate sales.

Nam Yong-su, head of the ETF Management Division at Korea Investment Trust Management, said, "All three ETFs include companies operating highly growth-oriented businesses in their portfolios," adding, "We focused on enhancing product competitiveness by adjusting the investment weights of constituent companies to match the current market conditions compared to existing domestic and Japanese semiconductor ETFs."

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