Hantoo Asset Management's ACE US Big Tech TOP7 Plus Surpasses 100 Billion KRW in Net Assets

Korea Investment Trust Management announced on the 1st that the net asset value of the ACE US Big Tech TOP7 Plus Exchange-Traded Fund (ETF) has surpassed 100 billion KRW. It exceeded 100 billion KRW just five months after its listing in September last year.

According to the Korea Exchange, the net asset value of the ACE US Big Tech TOP7 Plus ETF reached 105.6 billion KRW as of the 31st of last month.

The increase in the net asset value of the ACE US Big Tech TOP7 Plus ETF is attributed mainly to the inflow of funds from individual investors. Since its listing, the net purchase amount by individuals has reached 67 billion KRW. The ETF recorded net purchases for 16 consecutive trading days from the 10th to the 31st.

The underlying index of the ACE US Big Tech TOP7 Plus ETF is the SOLUST7P KRW-converted index. It is characterized by investing 95% in the seven US big tech companies (the Magnificent 7) that led the S&P 500 index rally last year. The ETF undergoes regular rebalancing in February, May, August, and November each year to determine the inclusion and weighting of stocks. Currently, it includes seven stocks: Apple, Microsoft, Alphabet, Amazon.com, Nvidia, Tesla, and Meta Platforms.

The ETF's year-to-date return is 7.10%, outperforming the Nasdaq 100 index's return of 1.85% over the same period. The underlying SOLUST7P KRW-converted index's one-year return is 92.15%, higher than the Nasdaq 100 index's KRW-converted return of 56.65% during the same period.

Nam Yong-su, Head of ETF Management at Korea Investment Trust Management, introduced the ACE US Big Tech TOP7 Plus ETF as "an ETF that invests in promising companies leading technological advancement based on strong brand power and mergers and acquisitions." He added, "It consists of stocks that drive growth in areas such as artificial intelligence (AI) and cloud computing while building a strong technological moat through high R&D investments. We expect consistent good performance in the long term."

The ACE US Big Tech TOP7 Plus ETF is a performance dividend-type product, and past returns do not guarantee future performance. It is not protected by the Deposit Insurance Corporation under the Depositor Protection Act, and principal loss may occur depending on the management results.