HANARO Global Generative AI Active ETF Gains Attention with Outstanding Returns

NH-Amundi Asset Management's HANARO Global Generative AI Active ETF is gaining attention for its outstanding returns.

According to NH-Amundi Asset Management on the 22nd, the HANARO Global Generative AI Active ETF has recorded a return of 13.61% since its inception (as of December 20). The recent 1-month and 3-month returns also show excellent performance at 7.75% and 12.59%, respectively.

Recently, most companies related to artificial intelligence have reported better-than-consensus quarterly earnings, maintaining positive momentum. However, with the rise in stock prices, the forward price-to-earnings ratio (PER) has exceeded the average valuation of the past 5 and 10 years. Accordingly, even within similar sectors, individual company earnings are expected to have a significant impact on medium- to short-term returns. Therefore, the importance of selecting companies with core technological competitiveness is expected to be further emphasized.

The HANARO Global Generative AI Active ETF invests in global companies related to generative AI (artificial intelligence), which has gained attention with the emergence of Chat GPT. It makes concentrated investments in about 20 large U.S.-listed companies that have secured core technological competitiveness in generative AI in the global market.

The reason for the excellent returns is analyzed to be the concentrated investment in companies that have secured core technological competitiveness. The company with the largest investment weight in this ETF is NVIDIA. NVIDIA is the world's largest fabless GPU company and benefits from the increasing demand for generative AI. Recently, it has been gaining attention by solidifying its industry position not only in the GPU business but also in software development. Other top holdings include Meta Platforms, Microsoft, Alphabet, and Advanced Micro Devices.

Seungho Jeong, Head of Global Equity at NH-Amundi Asset Management, said, "The investment strategy of the HANARO Global Generative AI Active ETF is to make concentrated investments in large companies that have secured core technological competitiveness and are leading the industry in generative AI." He added, "If you want to focus your investments on global companies leading the generative AI industry, the HANARO Global Generative AI Active ETF could be a good option."

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