Korea Investment Management’s ACE US Space Tech Active ETF Surpasses 100 Billion Won in Net Assets

ACE US Space Tech Active ETF, managed by Korea Investment Management Co., Ltd., has attracted significant market attention by surpassing 100 billion won in net assets in less than a week since its listing.

According to Korea Investment Management on April 22, the net asset value of the ACE US Space Tech Active ETF, which was listed on the Korea Exchange on April 14, reached 103.7 billion won as of April 21. This represents a more than ninefold increase from 11 billion won on its first trading day, achieved in just six trading sessions.

Unlike existing ETFs that simply invest in aerospace and defense companies, this active ETF concentrates on companies involved in so-called “NewSpace” services, such as reusable launch vehicles, AI-based satellite data analytics, and space data centers. Top holdings include EchoStar (22.65%), Rocket Lab, Planet Labs, Intuitive Machines, and MDA Space, among others. Notably, EchoStar, which holds a stake in SpaceX, has the highest weighting among all ETFs listed in Korea, while MDA Space and York Space Systems are included exclusively in the ACE US Space Tech Active ETF.

The ETF has also shown strong post-listing performance. Since its listing, the ACE US Space Tech Active ETF has delivered a return of 7.63%, the highest among the nine space and aerospace ETFs currently listed in Korea.

Differentiated holdings have continued to attract individual investors, resulting in continuous net buying by individuals for all six trading days since listing. The cumulative net purchases by individual investors have reached 52.6 billion won.

Kim Hyuntae, Head of Global Quantitative Investment at Korea Investment Management and the fund’s portfolio manager, stated, “Given that the space industry is still in the early stages of growth, we determined that it is important to construct a portfolio focused on high-growth, pure space technology companies and to respond quickly to market changes, so we launched the product as an active ETF.” He added, “Because it is an active ETF, new listings such as SpaceX can be incorporated quickly. Rather than buying mechanically without regard to price, this ETF is managed by people who directly respond to events like the SpaceX listing.”

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