Korea Investment Management's 'ACE AI Semiconductor TOP3+' ETF Surpasses 500 Billion Won in Net Assets

NAV Up 296.27% This Year
No.1 Six-Month Return Among Semiconductor ETFs

Korea Investment Management announced on the 18th that the net asset value (NAV) of the ACE AI Semiconductor TOP3+ Exchange Traded Fund (ETF) has surpassed 500 billion won.

According to the Korea Exchange, as of the previous day, the NAV of the ACE AI Semiconductor TOP3+ ETF stood at 529.4 billion won. This represents a 296.27% increase since the end of last year, when the NAV was 133.6 billion won.

The ACE AI Semiconductor TOP3+ ETF was listed in October 2023. At the time of listing, it was named 'ACE Semiconductor Focus,' but earlier this month, the fund changed its name to 'ACE AI Semiconductor TOP3+.' The name change was made to highlight the ETF’s characteristic of focusing investments on the three major AI semiconductor companies.

Among the top holdings of the ACE AI Semiconductor TOP3+ ETF are Hanmi Semiconductor, Samsung Electronics, and SK hynix. The combined weighting of these three companies is maintained at around 75%. Samsung Electronics and SK hynix rank first and second globally in the high bandwidth memory (HBM) market, which is essential for AI semiconductors, while Hanmi Semiconductor is the global leader in supplying essential HBM equipment.

The strategy of concentrating investments in leading HBM-related stocks is delivering results. Over the past six months, the ACE AI Semiconductor TOP3+ ETF has recorded a return of 163.36%, the highest among 44 domestic semiconductor ETFs (excluding leveraged ETFs). Its one-year return is also among the top in the semiconductor ETF sector, ranking second at 237.83%. Since its listing, the fund has achieved a cumulative return of 331.19%.

Investment inflows, including from individual investors, continue. Since the beginning of this year, individual investors have invested 68.5 billion won in the ACE AI Semiconductor TOP3+ ETF, while total inflows during the same period amounted to 234.2 billion won.

Nam Yongsoo, Head of ETF Management at Korea Investment Management, stated, "With the deepening of AI technology, the semiconductor market has become a high-growth industry that creates high added value, centering on areas such as HBM," adding, "This is why the ACE AI Semiconductor TOP3+ ETF focuses its investments on the three key stocks that lead the HBM ecosystem."

He continued, "According to a Goldman Sachs report, the HBM market is expected to reach 75 billion dollars by 2027," and explained, "The ACE AI Semiconductor TOP3+ ETF, which encompasses core HBM stocks as well as the entire HBM supply chain and value chain, will become an increasingly useful investment vehicle."

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