Hantoo Asset Management "ACE US Big Tech TOP7 Plus, Regular Rebalancing Conducted"

Korea Investment Trust Management announced on the 5th that it will adjust the portfolio of the ACE US Big Tech TOP7 Plus Exchange-Traded Fund (ETF) on the 6th. The portfolio adjustment is due to the regular rebalancing of the underlying index, the 'Solactive US Big Tech Top 7 Plus Index.'

The underlying index of the ACE US Big Tech TOP7 Plus ETF rebalances quarterly, adding and removing large-cap big tech companies listed on the US Nasdaq exchange. The latest adjustment was based on the closing prices as of the 7th of last month. T-Mobile, which entered the top 10 by market capitalization, will be newly included, while AMD will be removed. T-Mobile is a wireless communication company that formed a partnership with SpaceX in 2022.

The rebalancing reflecting market trends has contributed to the performance of the ACE US Big Tech TOP7 Plus ETF. As of the previous day, the ETF’s one-year return was 59.39%, the highest among big tech ETFs listed domestically (based on ETF CHECK classification). Its six-month return was also 30.82%, the best among big tech ETFs excluding leveraged types.

Thanks to a stable track record accumulated over more than a year, net buying by individual investors continues. According to the Korea Exchange, individual investors have net purchased 35.5 billion KRW worth of the ACE US Big Tech TOP7 Plus ETF since the beginning of the year. As a result of steady capital inflows, the ETF’s net asset value grew by 15.50% compared to the end of last year, reaching 671.4 billion KRW.

Nam Yong-su, Head of ETF Management at Korea Investment Trust Management, said, "Although there are many theme stocks that shine briefly in the US stock market, it is clear that big tech companies will lead the US stock market in the long term." He added, "This is why we must continuously focus on big tech stocks that have built moats through research and development (R&D) expenses and capital investments."

He continued, "The ACE US Big Tech TOP7 Plus ETF regularly replaces and includes leading stocks driving the market through its rebalancing," and added, "I hope investors can benefit from the growth of the big tech market through the ACE US Big Tech TOP7 Plus ETF, which has built an excellent track record for over a year since its listing in 2023."

The ACE US Big Tech TOP7 Plus ETF is a performance dividend-type product, and past performance does not guarantee future results. Additionally, investors should be aware that principal loss may occur depending on management outcomes.

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