'IBK Hyundai Motor Robotics Bond Mix 50' ETF Newly Listed
Up to 100% Investment Allowed in Retirement Pension Accounts
IBK Asset Management said on November 12 that it listed the “IBK Hyundai Motor Robotics Bond Mix 50” exchange-traded fund (ETF), which invests in companies involved in robotics and in manufacturing and logistics automation using robots, on the Korea Exchange’s securities market on November 10.
The ETF focuses on growth opportunities arising from the manufacturing innovation being pursued by Hyundai Motor Group. It invests in Hyundai Motor Group’s manufacturing innovation ecosystem, combining equities and bonds in equal 50% proportions.
Hyundai Motor Group is expanding its future manufacturing ecosystem by securing robotics technology through Boston Dynamics and building smart factories. In particular, advances in artificial intelligence (AI) and robotics are expected to boost productivity and manufacturing automation, creating growth opportunities across related industries, including not only finished vehicles but also parts, logistics and software.
The ETF allocates around 25% of its equity portion to Hyundai Motor and invests in major companies related to robotics, smart factories and manufacturing automation, including Hyundai Mobis, Hyundai Glovis, Hyundai Rotem and Hyundai AutoEver. Its bond portion invests in domestic short-term Treasury bonds and Monetary Stabilization Bonds with maturities of three months or less, aiming to minimize risks from interest rate fluctuations and provide portfolio stability.
Because up to 100% of accumulated funds in a retirement pension account can be invested in the ETF, it is also expected to be useful for pension investors interested in long-term growth themes.
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An IBK Asset Management representative said, “This ETF is designed to let investors participate in growth opportunities arising from Hyundai Motor Group’s robotics- and AI-driven manufacturing innovation, while helping them manage stock market volatility through investments in short-term Treasury and Monetary Stabilization Bonds.” The representative added, “We plan to continue introducing ETFs that support pension investors’ long-term asset formation and meet a range of investment needs.”
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