Samsung Asset Management's KODEX US Semiconductor MV ETF Surpasses 400 Billion KRW in Net Assets

Samsung Asset Management announced on the 30th that the net assets of the ‘KODEX US Semiconductor MV Exchange Traded Fund (ETF)’ have surpassed 400 billion KRW, driven by high returns. The net assets grew 239% in just over five months from 122.6 billion KRW last year, reaching 415.9 billion KRW as of the closing price on the 29th.

Samsung Asset Management analyzed that this significant net asset growth is attributed to the differentiated returns demonstrated by KODEX US Semiconductor MV. In fact, this product recorded a return of 48.7% since the beginning of the year and 74.1% over one year, achieving the highest return among 33 general semiconductor ETFs (excluding leveraged ETFs). Since its listing on June 30, 2022, the return has been 130.6%, ranking first among all ETFs. During the same period, only three products, including this one, recorded returns exceeding 100%: KODEX K-New Renewable Energy Active at 108.3% and KODEX US S&P 500 Energy at 103.5%.

With high returns in the short, medium, and long term, individual investors’ capital inflow accelerated this year. The net purchase amount by individual investors for KODEX US Semiconductor MV this year was 119.5 billion KRW, the highest among domestically listed semiconductor ETFs. The total cumulative net purchase by individuals also more than doubled in just over five months, reaching 171.1 billion KRW as of the 29th, up from 51.6 billion KRW at the end of last year.

KODEX US Semiconductor MV maintains a high investment weight of approximately 23.9% in Nvidia, which is leading the AI semiconductor industry. It also includes Broadcom (7.39%), which supplies ASIC (Application-Specific Integrated Circuit) semiconductors, a core of AI semiconductors; Qualcomm (5.16%), a key player in on-device AI; and TSMC (12.32%), the largest foundry company producing semiconductors, at the top holdings. Additionally, it includes key semiconductor equipment companies such as ASML and Applied Materials, as well as Cadence and Synopsys, oligopolistic companies in the semiconductor design software (EDA) sector.

The outstanding returns of this product are also reflected in the performance of the underlying MV Semiconductor Index. The MV Semiconductor Index, which is also tracked by SMH (VanEck Semiconductor ETF), the largest US semiconductor ETF with about 27 trillion KRW in assets, reflects current trends in the semiconductor industry. Using a methodology that includes up to 20% of leading stocks, it shows differentiated performance that significantly outperforms another US semiconductor index, the Philadelphia Semiconductor Index (SOX). While the Philadelphia Semiconductor Index recorded returns of 25.4% since the beginning of the year, 48.7% over one year, 70.1% over three years, and 326.2% over five years, the MV Semiconductor Index showed even stronger performance over time with returns of 40.9% since the beginning of the year, 67.6% over one year, 104.6% over three years, and 427.1% over five years.