Hantoo Asset Management "ACE ETF Doubles Net Asset Value in One Year"

Korea Investment Trust Management announced on the 2nd that the ACE Exchange-Traded Fund (ETF) grew more than twofold over the past year.

According to the Korea Exchange, as of the end of last year, the net asset value of the ACE ETF was 5.9179 trillion KRW, marking a 103.83% increase compared to January 2 of last year. During the same period, Korea Investment Trust Management's market share within the ETF market rose by 1.21 percentage points, from 3.68% to 4.89%.

The growth of the ACE ETF is attributed to the launch of distinctive new products. Over the past year, Korea Investment Trust Management introduced 16 new products, many of which were firsts in the domestic market. Notable examples include the country’s first physical-type U.S. long-term bond ETF, ‘ACE US 30-Year Treasury Active (H) ETF,’ the first POSCO Group stock ETF, ‘ACE POSCO Group Focus ETF,’ and the first maturity auto-extension corporate bond ETF, ‘ACE November Maturity Auto-Extension Corporate Bond AA-Above Active ETF.’

Interest in these distinctive products translated into net purchases. When tallying net purchases by individual investors since the beginning of the year for each ACE ETF product, the ‘ACE US 30-Year Treasury Active (H) ETF’ (listed in March 2023), ‘ACE Tesla Value Chain Active ETF’ (listed in May 2023), and ‘ACE US Big Tech TOP7 Plus ETF’ (listed in September 2023) ranked 1st, 3rd, and 4th respectively.

In particular, the ‘ACE US 30-Year Treasury Active (H) ETF’ ranked 2nd in net purchases by individual investors among all ETFs (812 in total) listed on the Korea Stock Exchange, and 1st among 129 bond-type ETFs. Since its listing, individual investor inflows into this ETF have reached 309.7 billion KRW.

The strong performance of existing products was also notable. The ‘ACE US Dividend Dow Jones ETF,’ which changed its name and dividend method in July last year, saw its net asset value surge by 265.76% compared to the beginning of the year. It also consistently attracted net purchases from individuals, ranking 2nd in net purchases by individual investors among ACE ETFs in 2023. Additionally, the ‘ACE Global Semiconductor TOP4 Plus SOLACTIVE ETF’ (listed in November 2022, ranked 7th) and the ‘ACE KRX Gold Spot ETF’ (listed in December 2021, ranked 8th) also showed strong net purchases by individual investors.

Nam Yong-su, Head of ETF Operations at Korea Investment Trust Management, said, "Over the past year, ACE ETFs achieved significant growth by streamlining operations, strengthening research capabilities, and fostering collaboration between departments to supply investors with a diverse range of necessary products. This year as well, we will timely provide products needed by investors to strengthen the presence of ACE ETFs as investment instruments."

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