Korea Investment Management's 'ACE Google Value Chain Active' ETF Surpasses 250 Billion Won in Net Assets

The Only Domestic ETF Investing in Google’s AI Ecosystem Value Chain
164.38% Return Over the Past Year

Korea Investment Management announced on May 8 that the net asset value of the 'ACE Google Value Chain Active' Exchange Traded Fund (ETF) has surpassed 250 billion won.

According to the Korea Exchange, as of the previous day's closing price, the net asset value of the ACE Google Value Chain Active ETF reached 253.3 billion won. The ACE Google Value Chain Active ETF is the only domestically listed ETF that invests in Google’s proprietary AI ecosystem value chain.

This achievement is interpreted as a result of continued buying by individual investors after the portfolio was rebalanced in December last year to include Google’s strategic partners with strong technological growth and high ecosystem contributions. Since the beginning of the year, net purchases by individuals have exceeded 37.1 billion won.

According to the Korea Exchange, the product’s returns over the past six months and one year were 61% and 164.38%, respectively. The cumulative return since listing is 142.43%. These figures represent outperformance of 41 percentage points, 79 percentage points, and 44 percentage points, respectively, compared to the benchmark index (BM).

Furthermore, according to ETF Check, returns for the past month and year-to-date stand at 28.54% and 58.85%, respectively, ranking first among the 16 domestically listed ETFs in the 'Internet (6)' and 'Telecommunication Services Sector (10)' categories.

A representative from Korea Investment Management commented, "The active strategy, which enables swift response to market conditions, has delivered strong results." This product includes companies such as Samsung Electronics, SK hynix, Micron, and ARM Holdings, as well as TTM Technologies, which are key suppliers of HBM (High Bandwidth Memory) essential for the Google-exclusive AI semiconductor TPU (Tensor Processing Unit) ecosystem. Intel, which ranked high in individual net purchases, was also newly included through ad-hoc rebalancing on May 4.

Kim Wonjae, Head of Global Equity Management at Korea Investment Management and the responsible manager for the ETF, stated, "Google has evolved into a company with full-stack AI infrastructure capabilities and is at the forefront of technological leadership. The ACE Google Value Chain Active ETF has expanded its investment scope beyond Google as a single stock to the entire ecosystem influenced by Google."

He added, "Through the advantage of ad-hoc rebalancing inherent in active ETFs, we plan to swiftly include newly emerging companies and key firms invested in by Google within the ecosystem. We will actively leverage the opportunities presented by Google and value chain companies, which have emerged as the core axis of the technology industry in the AI era."

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