Korea Investment Management announced on the 5th that it will rename its 'ACE AI Semiconductor Focus' exchange-traded fund (ETF) to 'ACE AI Semiconductor TOP3+' ETF. The company explained the change is "a measure to enhance clarity regarding the ETF's main investment holdings."
The ACE AI Semiconductor TOP3+ ETF invests more than 80% of its assets in the leading companies in the high-bandwidth memory (HBM) market: Hanmi Semiconductor (33.01%), Samsung Electronics (24.74%), and SK hynix (23.17%). The fund has the highest weighting in Hanmi Semiconductor among all domestically listed ETFs.
As of the previous day's closing price, net assets stood at 366 billion won, with year-to-date returns of 49.82%. Six-month and one-year returns reached 162.14% and 208.41% respectively, the highest among ETFs in the same category. The total expense ratio is 0.38%.
Nam Yong-soo, Head of ETF Management at Korea Investment Management, said, "The ACE AI Semiconductor TOP3+ ETF is a product that allows concentrated investment in key stocks during the AI supercycle phase," adding, "By investing in Korea's leading semiconductor companies with global competitiveness, investors can expect to benefit from long-term growth."
