Hantoo Asset Management ACE Shareholder Return Value Active, Excellent 6-Month Performance

Korea Investment Trust Management announced on the 20th that the ACE Shareholder Return Value Active Exchange-Traded Fund (ETF) is recording superior performance compared to its benchmark (BM).

The ACE Shareholder Return Value Active ETF, launched in November 2022, is an active ETF managed with the goal of outperforming the 'FnGuide All-Round Value Stock Index.' It is characterized by identifying and investing in about 40 undervalued stocks with strong fundamentals and high shareholder return growth potential.

According to the Korea Exchange, as of the previous day, the ACE Shareholder Return Value Active ETF posted a 6-month return of 16.57%, outperforming its BM by 17.36%. This excess return over the BM is the best among domestic equity active ETFs. The 1-year return also recorded 9.33%, which is 17.58% higher than the BM.

The outstanding performance is attributed to the fund manager. The ACE Shareholder Return Value Active ETF is managed by Kim Gi-baek, team leader of the Small and Mid-Cap Value Team at Korea Investment Trust Management and author of "Compete with Hidden Premium Blue-Chip Stocks in the Era of Shareholder Return." Over the past 10 years, Kim has visited more than 1,200 companies over 2,600 times, accumulating know-how in undervalued value stock investment. The ETF’s portfolio stocks are also characterized by discovering lesser-known companies in the market based on this experience.

The net asset value of the ACE Shareholder Return Value Active ETF surpassed 20 billion KRW on the 12th. Currently, the net asset value is recorded at 22.8 billion KRW, an increase from that amount.

Kim Gi-baek, fund manager and team leader of the Small and Mid-Cap Value Team at Korea Investment Trust Management, explained, "The ACE Shareholder Return Value Active ETF is a highly differentiated product in that it directly discovers and invests in mid-sized and small companies that can benefit the most from shareholder return growth model companies and changes in governance."

He added, "It is not easy to select and invest in companies that actually expand and institutionalize shareholder returns, rather than just companies with low price-to-book ratios (PBR)." He also said, "I hope investors can enjoy the benefits of resolving the Korea discount through the ACE Shareholder Return Value Active ETF."

The ACE Shareholder Return Value Active ETF is a performance dividend-type product, and past performance does not guarantee future results. Additionally, principal loss may occur depending on management outcomes, so caution is advised.

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