DB Asset Management Lists New "Mighty AI Data Center Value Chain" ETF

On August 4, DB Asset Management announced that it would be newly listing the “Mighty AI Data Center Value Chain” Exchange-Traded Fund (ETF), which invests across the entire data center industry—a core infrastructure supporting the expansion of the AI and cloud sectors.

This ETF allocates investments across leading domestic companies throughout the data center industry value chain, covering design and construction, semiconductors and servers, networks, energy, power infrastructure, cooling systems, and operations. Its underlying index is the “KAP AI Data Center Value Chain Index.”

Recently, the Korean stock market has seen a sharp and rapid correction in the KOSPI index due to concerns over global big tech companies slowing down their artificial intelligence (AI) investment pace, combined with a simultaneous decline in large-cap semiconductor stocks. In particular, since July, announcements by major U.S. tech firms on utilizing idle AI computing resources have been interpreted as signaling the “AI investment cycle peak,” leading to a steep drop in memory semiconductor-related stocks, further expanding volatility across major domestic semiconductor shares and data center-related stocks.

DB Asset Management judged that this short-term correction does not undermine the structural long-term growth trajectory of the AI data center industry itself. Data centers are a convergent industry, combining traditional infrastructure sectors such as power, energy, and construction with IT industries like cloud and AI. According to the company, two long-term drivers are operating simultaneously: rising demand for computation driven by the spread of generative AI, and increased investment in renewable energy and power grids. In fact, major institutions, including the International Energy Agency (IEA), project that global electricity demand for data centers will continue increasing until 2035. The global push among corporations to expand renewable energy procurement (RE100) is also highlighted as a factor supporting this growth.

A DB Asset Management representative stated, “Short-term increases in index volatility stem mainly from a weakening investor sentiment regarding AI-related stocks as a whole, not from a fundamental decline in demand for data center infrastructure itself. Rather, with valuation burdens now reduced, we see this as an opportunity for mid- to long-term exposure through an ETF that diversifies across all stages of the value chain—including power, semiconductors, cooling, and operations.”

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