Kiwoom Asset Management Launches 'KOSEF K-Tech TOP10 ETF' Featuring Only National Representative Tech Stocks

Kiwoom Asset Management's exchange-traded fund (ETF) ‘KOSEF K-TechTOP10,’ which focuses on investing in the top 10 large domestic technology stocks, will be listed on the KOSPI on the 31st.

According to Kiwoom Asset Management on the 26th, KOSEF K-TechTOP10 invests in 10 leading tech companies representing the domestic market in innovative technology industries such as semiconductors, electronic components, cloud, internet services, and gaming. It is a Korean-style big tech ETF that comprehensively covers the entire tech industry, including both hardware and software, and allows concentrated investment only in representative large-cap stocks.

The tracking index is the ‘Solactive K-TechTop10 Index,’ jointly developed by Kiwoom Investment Asset Management and the global index provider Solactive to represent Korea’s top 10 technology stocks. The index includes the top 10 stocks by free-float market capitalization classified as ‘Technology’ under the RBICS industry classification system by global financial information provider FactSet, among KOSPI and KOSDAQ listed companies.

As of the base index on the 24th, the semiconductor leaders SK Hynix (24.8%) and Samsung Electronics (20.4%) have the highest weights. It also includes Korea’s leading home appliance company LG Electronics (7.3%), IT service company Samsung SDS (5.6%) expanding its cloud business, and the two major electronic component leaders Samsung Electro-Mechanics (5.2%) and LG Innotek (3.9%). Additionally, it incorporates Korea’s leading internet service companies NAVER (16.9%) and Kakao (7.5%), as well as gaming stocks Krafton (4.6%) and NCSoft (3.8%).

Kiwoom Investment Asset Management believes that major domestic technology stocks, which have been adjusted due to rising interest rates and stock-specific issues, are likely to be re-evaluated alongside the full-scale launch of artificial intelligence (AI)-related businesses. Recently, major domestic and international technology stocks have been spotlighted as beneficiaries of AI-related market growth, and large technology stocks centered on semiconductors and mobile platforms are leading the market fueled by the AI boom in the New York stock market.

Jung Sung-in, head of ETF marketing at Kiwoom Investment Asset Management, said, "While there have been many ETFs investing in U.S. big tech companies, there has been no product that allows concentrated investment in large domestic tech stocks such as Samsung Electronics, SK Hynix, NAVER, and Kakao. This ETF is worth attention for those who want to invest broadly in tech stocks that have gained enormous growth potential with the dawn of the AI era."

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