Korea Investment Management's ACE US Big Tech TOP7 Plus ETF Surpasses 1.2 Trillion Won in Net Assets

Korea Investment Management announced on the 7th that the net asset value (NAV) of the "ACE US Big Tech TOP7 Plus" Exchange Traded Fund (ETF) has surpassed 1.2 trillion won.

According to the Korea Exchange, as of the close of trading on the 6th, the NAV of the ETF stood at 1.2408 trillion won. This is attributed to the consistent inflow of funds since its listing in September 2023, driven by the growth of big tech (large information technology companies).

This product is a passive ETF that invests more than 90% of its portfolio in the top 7 stocks among the top 10 big tech companies by market capitalization listed on the US Nasdaq market. It is designed to reduce concentration in specific stocks and to include future leading stocks through quarterly regular rebalancing. The underlying index is the "Solactive US Big Tech Top 7 Plus Price Return Index."

As of the 6th (according to Koscom ETF CHECK), the main portfolio holdings included Microsoft (18.62%), Nvidia (15.75%), Apple (14.69%), Amazon.com (14.18%), Alphabet Class A (13.00%), SpaceX (9.27%), Broadcom (8.24%), and Meta (1.87%).

Among the portfolio holdings, SpaceX stands out. After being listed, SpaceX was added to the Nasdaq 100 just two weeks after its IPO. As of the end of June, the number of Starlink subscribers had doubled in a year to 12 million, and its revenue soared by 92%, demonstrating substantial growth.

In terms of long-term performance, the 3-year return has reached 153.04%. Since its listing, the 1-year return has also been strong, at 149.5% and 17.77%, continuing its high performance.

Nam Yongsoo, Head of the ETF Division at Korea Investment Management, stated, "Global big tech companies continue to invest in future growth industries such as AI, cloud computing, and semiconductors, strengthening their foundations for long-term growth. The ACE US Big Tech TOP7 Plus ETF focuses on companies leading these industrial changes, making it a suitable option for investors seeking future growth potential through long-term investment."

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