ACE US Nasdaq 100, 3rd ETF among KTB Asset Management to Surpass 1 Trillion Won

Korea Investment Trust Management announced on the 22nd that the net asset value of the ACE US Nasdaq 100 Exchange-Traded Fund (ETF) has surpassed 1 trillion KRW.

The ACE US Nasdaq 100 ETF, launched by Korea Investment Trust Management in October 2020, is a product that tracks a major US index, using the Nasdaq 100 index as its underlying index. As a currency-exposed product, domestic investors can easily invest in the Nasdaq index without the need for currency exchange procedures.

As of the 21st, the net asset value of the ACE US Nasdaq 100 ETF is 1.005 trillion KRW, an increase of 80.79% compared to the end of last year. Since the beginning of this year, individual investors have net purchased 221.8 billion KRW of the ACE US Nasdaq 100 ETF. During the same period, it ranks third in net purchases by individuals among ACE ETFs. The products with higher net purchases than the ACE US Nasdaq 100 ETF were the ACE US 30-Year Treasury Active (H) ETF (307.2 billion KRW) and the ACE US S&P 500 ETF (256.8 billion KRW). The ACE US 30-Year Treasury Active (H) ETF and the ACE US S&P 500 ETF had already surpassed 1 trillion KRW in net asset value earlier in March and May, respectively.

Since the ACE US Nasdaq 100 ETF uses the Nasdaq 100 index as its underlying asset, investment through pension accounts is recommended. Investors can benefit from tax deductions while investing in the long-term upward-trending Nasdaq 100 index. The Nasdaq 100 index has recorded a 389.18% increase over the past 10 years. Over 20 years since August 2004, the increase reaches 1346.15%. The ACE US Nasdaq 100 ETF has also recorded a 105.41% return since its inception. Its returns over the past 3 years and 1 year are 49.13% and 33.45%, respectively.

Nam Yong-su, Head of ETF Management at Korea Investment Trust Management, stated, "We recommend a strategy of systematic investment in the long-term upward-trending index using the ACE Nasdaq 100 ETF," adding, "The ACE US Nasdaq 100 ETF can be invested up to 100% in personal pension accounts, and up to 70% in defined contribution (DC) retirement pensions and individual retirement pensions (IRP)."

He continued, "ACE ETFs will continue to introduce products that investors need and ETFs that invest in long-term growing underlying assets."

As a performance dividend-type product, past performance does not guarantee future results. Also, investors should be aware that principal loss may occur depending on management results.

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