Korea Investment Management's 'ACE Global AI Customized Semiconductor' ETF Surpasses 50 Billion Won in Net Assets

Three-Month Return Hits 122.31%
Focused Investment in Leading CPU and ASIC Companies for Inference

Korea Investment Management announced on the 23rd that the net asset value (NAV) of the ACE Global AI Customized Semiconductor Exchange-Traded Fund (ETF) has surpassed 50 billion won.

According to the Korea Exchange, as of the previous day, the NAV of the ACE Global AI Customized Semiconductor ETF stood at 50.4 billion won, representing an increase of 406.52% compared to the beginning of the year.

Over the past three months, this ETF delivered a return of 122.31%, ranking second among 23 overseas semiconductor ETFs listed in Korea, excluding leveraged funds. The six-month and one-year returns were 132.20% and 174.65%, respectively.

The ACE Global AI Customized Semiconductor ETF selectively invests in a small number of leading companies representing the customized semiconductor (ASIC) industry. The recent strong performance is primarily attributed to the share price increases of Arm Holdings and Marvell Technology Group, both of which lead the semiconductor intellectual property (IP) and customized semiconductor design sectors.

Arm, which has the highest portfolio weighting among constituents, saw its share price jump 208.06% over the last three months. This was due to the rise of AI agents shifting computing demand from training to inference, which in turn increased demand for CPUs that can reduce inference workload costs.

Marvell, which accounts for the second-largest weighting at 23.14%, also saw its share price surge 249.92% over the past three months. Marvell holds a market share of approximately 20-25% in the global custom ASIC design service sector. Its stock price rose on news of expanded sales of custom ASICs for Amazon Web Services (AWS), as well as the announcement of a roughly 2 billion dollar investment attracted from Nvidia for its optical communications business.

According to ETFCheck as of the previous day, the ACE Global AI Customized Semiconductor ETF has the highest weighting in Arm and Marvell among all Korea-listed ETFs. In addition, unlike many other Korea-listed global semiconductor ETFs that have heavy weightings in Nvidia, this ETF includes companies such as Broadcom, Cadence, and Synopsys.

Nam Yongsoo, Head of ETFs at Korea Investment Management, stated, "The ACE Global AI Customized Semiconductor ETF has recently achieved strong returns by allocating high weightings to stocks leading the CPU and ASIC industries. When invested together with our ACE Global Semiconductor TOP4 Plus ETF, which leads the universal semiconductor market, investors can enjoy the growth benefits of the AI industry in a well-balanced manner."

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