Hyundai Asset Management "Generative AI Small Giants Active ETF Surpasses 55 Billion KRW in Net Assets"

Hyundai Asset Management announced on the 5th that the net asset size of the ‘Hyundai UNICORN Generative AI Small and Medium Enterprise Active ETF’ surpassed 55 billion KRW as of the 4th. This achievement came about six weeks after its listing on November 21 last year.

The ‘Hyundai UNICORN Generative AI Small and Medium Enterprise Active ETF’ primarily invests in domestic small and mid-cap stocks that are building the generative AI ecosystem. It is an active ETF that includes generative AI-related stocks from Hyundai’s flagship small and mid-cap fund, the ‘Hyundai Small and Medium Enterprise Fund,’ aiming to achieve excess returns compared to the benchmark index. Major holdings include ▲ AI small and medium enterprises (Voronoi, MLO, etc.) ▲ semiconductor and related materials, parts, and equipment companies (PSK Holdings, SNS Tech, Protek, etc.) ▲ application companies (Lunit, Vuno, Kakao, etc.).

Jang Sang-hyun, Head of Equity Management at Hyundai Asset Management, stated, “This year is expected to be the inaugural year for the commercialization of generative AI,” adding, “The government’s investment to foster next-generation technology industries, companies’ adoption of AI technology to increase productivity and reduce costs, and individuals’ active use of applications for diverse content creation are all converging, leading to a rapid surge in demand for generative AI.”

He continued, “In particular, several domestic venture companies with competitive technology are emerging with a high potential to enter the global stage,” and explained, “It appears that investors’ high expectations for the growth potential of the generative AI industry are translating into investments in the Hyundai UNICORN Generative AI Small and Medium Enterprise Active ETF.”

Meanwhile, the net assets of the Hyundai UNICORN Generative AI Small and Medium Enterprise ETF stand at 55.6 billion KRW, with more than 14 billion KRW flowing in since the beginning of the year, the largest amount among domestic equity active ETFs. The industry’s interest is growing due to Hyundai Asset Management’s strong performance as a small and medium-sized asset manager in an ETF market dominated by large asset managers.