KB Asset Management Launches RISE Tesla and Palantir Fixed Tech 100 ETFs

On May 12, KB Asset Management announced the launch of two innovative exchange-traded funds (ETFs): the 'RISE Tesla Fixed Tech 100 ETF' and the 'RISE Palantir Fixed Tech 100 ETF,' both of which fix the allocation of leading U.S. innovative companies at 25% each month.

Among the 100 technology stocks listed on the NASDAQ, the ETFs fix the weight of either Tesla or Palantir at 25%, while the remaining 99 stocks are allocated the remaining 75% in a diversified manner. This approach aims to balance growth potential and stability by investing in both innovative companies and the broader market index.

The ETFs offer a new option for investors who wish to significantly increase their exposure to Tesla or Palantir while also investing in NASDAQ 100 stocks. In the existing RISE NASDAQ 100 ETF, the weights of Tesla and Palantir are approximately 2.8% and 1.8%, respectively.

The RISE Tesla Fixed Tech 100 ETF is suitable for investors who expect long-term growth from Tesla in the electric vehicle, robotics, and AI energy sectors, while the RISE Palantir Fixed Tech 100 ETF targets investors who wish to focus on Palantir, a leader in data analytics and AI-based technologies in the defense and public sectors.

To commemorate the ETF launch, KB Asset Management is holding an event in collaboration with Tefal, the world’s number one kitchenware brand. The nickname for the ETF series, the 'Te-Pal ETF Series,' is inspired by the first syllables of 'Tesla' and 'Palantir' in the product names.

The event can be entered through the official RISE ETF website until June 1. Participants in the quiz event will have a chance to win a variety of prizes, including Tefal’s new Light Cook Frying Pan 28cm, Domino’s Pizza, KFC chicken, Starbucks beverages, and more, through a random drawing.

No Areum, Head of ETF Division at KB Asset Management, stated, "In an era where choice and focus are increasingly important in technology stock investment, the 'RISE Te-Pal ETF Series' will offer a direct opportunity to invest in leading U.S. innovative companies," adding, "These products aim to deliver higher returns than market index investments and more stable performance than individual stock investments."

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