Korea Investment Management to List "ACE US Space Tech Active" ETF on April 14

Korea Investment Management announced on April 13 that it will list the ACE US Space Tech Active Exchange-Traded Fund (ETF) on April 14.

The ACE US Space Tech Active ETF is an actively managed ETF that aims to outperform its benchmark index by investing in space-based tech companies. The benchmark index for this ETF is the "FnGuide US Space Tech Index," which is calculated and published by FnGuide.

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The main investment targets of this product are space-based tech companies involved in reusable launch vehicles, AI satellite data analysis, and space data centers. The portfolio is characterized by a focus on high-growth private space companies (pure space technology companies) centered on service businesses, rather than aerospace and defense companies.

In addition, an "active strategy" has been adopted. Unlike passive products that track underlying indices, active funds allow portfolio managers to select stocks based on their own research. Another advantage of active management is the ability to include rapidly growing companies in the space industry before index rebalancing occurs.

The fund manager, Hyuntae Kim, who is the Head of Global Quantitative Investment at Korea Investment Management, holds a Ph.D. in Physics from Seoul National University. Since 2023, he has been managing the Korea Investment Global Space Technology & Defense Fund. Since its inception, the Korea Investment Global Space Technology & Defense Fund, managed by Kim, has delivered a return of 213.15% (UH type, C-e class).

As of the day before listing, the ETF's expected portfolio consists of 15 stocks, including EchoStar, Rocket Lab, Planet Labs, and AST SpaceMobile. In particular, EchoStar is noted as a company that works closely with SpaceX, including equity transactions.

Kim stated, "The ACE US Space Tech Active ETF is being launched by leveraging the research and management experience gained from running the Korea Investment Global Space Technology & Defense Fund. We will select companies through research, adjust the portfolio according to market changes, and aim to benefit from the growth of the space industry."

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