ACE NVIDIA Bond Mixed ETF Surpasses 250 Billion KRW in Net Assets

Korea Investment Management announced on October 31 that the net asset value (NAV) of the ACE NVIDIA Bond Mixed ETF has surpassed 250 billion KRW.

According to the Korea Exchange, as of the closing price on October 29, the ACE NVIDIA Bond Mixed ETF recorded a NAV of 252.5 billion KRW, surpassing the 250 billion KRW mark for the first time. As of October 30, the NAV stood at 254.6 billion KRW. Considering that the NAV was 144.9 billion KRW at the end of last year, the scale has increased by 75.71% since the beginning of the year.

The rapid growth in the ETF's NAV is attributed to increased demand for the world’s leading artificial intelligence (AI) company, expectations for NVIDIA’s expanded investment in data centers, and the anticipated resumption of exports to China. According to Koscom ETF Check, the inflow of funds into the ACE NVIDIA Bond Mixed ETF since the beginning of the year has reached 77.9 billion KRW.

The ACE NVIDIA Bond Mixed ETF is a product designed to mitigate volatility by combining NVIDIA stock with domestic bonds, while also reflecting NVIDIA’s growth. It invests approximately 30% in NVIDIA stock and about 70% in domestic bonds. Its underlying index is the 'Bloomberg Blended NVIDIA Equity and Korean Bond Total Return Index,' calculated and published by Bloomberg.

The ACE NVIDIA Bond Mixed ETF currently holds NVIDIA at a weight of 32.14%. Among domestically listed ETFs, it has the highest proportion of NVIDIA. The ETF recorded a six-month return of 24.90% and a one-year return of 18.23%.

Nam Yongsoo, Head of ETF Management at Korea Investment Management, stated, "The global megatrend is having a positive impact across industries related to NVIDIA," adding, "NVIDIA, the world’s leading AI semiconductor company, has delivered results in the second quarter that exceeded market expectations, demonstrating performance beyond what was anticipated."

He further commented, "The ACE NVIDIA Bond Mixed ETF can be invested up to 100% within retirement pension accounts, making it a suitable product for those seeking to invest in NVIDIA’s long-term growth."

The ACE NVIDIA Bond Mixed ETF is a performance-based product, and past performance does not guarantee future results. In addition, principal loss may occur depending on the management outcome.

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