KB Asset Management's KBSTAR AI & Robot ETF Ranks No.1 in Returns One Month After Listing
Expected Benefits from the Enforcement of the 'Intelligent Robot Act'
KB Asset Management announced on the 4th that the 'KBSTAR AI&Robot ETF' rose 34.1% in the one month since its listing in October, recording the highest return among domestic equity exchange-traded funds (ETFs) excluding leveraged ETFs as of the 1st of this month.
This performance appears to be influenced by the sharp rise in domestic robot-related stocks, which had been weak for some time, due to expectations following the enforcement of the 'Amendment to the Act on the Promotion of Intelligent Robot Development and Distribution' last month. Over the past month, the stock prices of Doosan Robotics (121%), Selvas AI (28%), and Rainbow Robotics (20%) surged.
This ETF invests across the core value chain of robots' brains (AI) and bodies (hardware) (the process in which added value is created in corporate activities). It invests in companies related to AI software, robotics·automation, semiconductors·electronics, and the bioindustry.
While the portfolios of existing domestic robot ETFs are centered on large-cap stocks, this product added a sales-related criterion to the stock inclusion standards. By consisting of pure AI&robot companies with high relevance to the industry, it has a strong correlation with industry growth in terms of management performance.
In particular, among the 29 stocks, the AI (47%) and robot (53%) industries are evenly distributed. As of the 1st, the representative included stocks are Doosan Robotics (10.3%), Lunit (6.4%), Rainbow Robotics (6.2%), NAVER (5.8%), Selvas AI (5.7%), and Hyundai AutoEver (5.6%).
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Geum Jeong-seop, head of ETF Marketing at KB Asset Management, said, "AI and robots are not just short-term thematic issues but are expected to continue the lineage of new technologies of the 4th Industrial Revolution such as autonomous vehicles and blockchain." He added, "The domestic AI and robot market, still in its early stages, is expected to grow rapidly in the future, allowing investors to benefit from growth when investing."
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