Hantoo Asset Management, 'ACE Global Semiconductor TOP4'... Net Asset Value Surpasses 150 Billion Won

Korea Investment Trust Management announced on the 14th that the net asset value of the ACE Global Semiconductor TOP4 Plus SOLACTIVE Exchange-Traded Fund (ETF) has surpassed 150 billion KRW.

According to the Korea Exchange, the net asset value of the ACE Global Semiconductor TOP4 Plus SOLACTIVE ETF exceeded 150 billion KRW for the first time on the 7th. As of the 13th, the net asset value stands at 157.1 billion KRW.

The growth in the net asset value of the ACE Global Semiconductor TOP4 Plus SOLACTIVE ETF is attributed to net purchases by individual investors and the rise in NVIDIA's stock price. Last year, individual investors recorded a cumulative net purchase amount of 33 billion KRW for this ETF. The net purchase amounts over the past 1 month, 3 months, and 1 year were 17.2 billion KRW, 22.1 billion KRW, and 48.4 billion KRW respectively, significantly exceeding the average amounts of 1.2 billion KRW, 2.1 billion KRW, and 1.6 billion KRW for similar types during the same periods.

Additionally, the stock price of NVIDIA, a leading non-memory company, surged more than 45% this year, which also contributed to the growth in net asset value. On the 12th (local time), NVIDIA surpassed Amazon during trading hours to become the third largest company by market capitalization, continuing its upward trend. As of the 14th, the ACE Global Semiconductor TOP4 Plus SOLACTIVE ETF holds NVIDIA at a 22.10% weighting, making it the fourth largest NVIDIA holding among domestically listed ETFs. The product holding the largest NVIDIA proportion among domestic ETFs is the ACE NVIDIA Bond Mixed Bloomberg ETF (32.34%).

As of the 14th, the top holdings of the ACE Global Semiconductor TOP4 Plus SOLACTIVE ETF include ▲NVIDIA (22.10%), ▲ASML (21.56%), ▲TSMC (21.50%), and ▲Samsung Electronics (15.73%). This reflects the ETF’s focus on investing in the leading companies representing the four major sectors within the semiconductor industry. In addition to these, six other top market capitalization stocks in the semiconductor industry are included: ▲Applied Materials (3.42%), ▲AMD (3.19%), ▲Broadcom (3.16%), ▲Qualcomm (3.04%), ▲Texas Instruments (2.67%), and ▲Intel (2.56%).

The ACE Global Semiconductor TOP4 Plus SOLACTIVE ETF also demonstrates excellent returns. It recorded an 81.88% return in 2023, ranking third among domestically listed ETFs (excluding leveraged ETFs). Since the beginning of the year, it has achieved a 20.12% return, outperforming the domestic ETF average of 0.13%. The recent 6-month and 1-year returns were 37.48% and 77.19%, respectively, approximately twice as high as the average returns of domestic semiconductor ETFs, which were 19.02% and 45.38%.

Kim Seunghyun, head of ETF Consulting at Korea Investment Trust Management, stated, “The ACE Global Semiconductor TOP4 Plus SOLACTIVE ETF has steadily grown in net asset value since its listing, receiving selections from individual investors through pension accounts and other channels.” He added, “Recently, the rise in NVIDIA’s stock price has further contributed to its outstanding performance.” He explained, “The ACE Global Semiconductor TOP4 Plus SOLACTIVE ETF is a product that invests intensively, with 20% each, in the top global semiconductor companies expected to benefit the most from the introduction of generative AI such as Chat GPT (NVIDIA, TSMC, ASML, Samsung Electronics).”

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