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South Korea launches AI ETF to meet the growing demand of investors
The ACE U.S. AI Tech Core Industry Active ETF from Korea Investment Management, launched on October 28, recorded strong growth with 28 billion KRW in net individual purchases on the first day and 76 billion KRW after five days. The fund allocates flexibly to AI-related sectors such as computing infrastructure, hardware, energy, and software, covering the entire AI value chain.
According to Mr. Nam Yong-soo, Head of the ETF Management Division, AI, big tech, and semiconductors are long-term “megatrends” that are reshaping the global industrial structure. The company is also increasing investments in American technology through the ETF ACE U.S. Big Tech TOP7 Plus (Google, NVIDIA, Apple, Microsoft…). In addition, the ACE Global Semiconductor TOP4 Plus ETF focuses on the semiconductor industry, achieving a return of over 377% after listing, with 632.7 billion KRW in assets under management, reinforcing its strong position in the AI technology wave.