Hantoo Asset Management Hosts ACE Big Tech Meeting
Featuring Speakers Adam Sichel and Kim Deokjin
"Since the 2000s, with the widespread adoption of the internet, the world has embarked on a path of change dominated by technology stocks. This is why Korea Investment Trust Management recommends investing in tech companies that are leading the changes in the world."
Bae Jaekyu, CEO of Korea Investment Trust Management, is giving a greeting at the 'ACE Big Tech Meeting' held on the 10th at the FKI Tower Conference Center in Yeouido. / Photo by Yoo Hyunseok
On the 10th, Bae Jae-gyu, CEO of Korea Investment Trust Management, stated this at the 'ACE Big Tech Roundtable' held at the FKI Tower Conference Center in Yeouido.
CEO Bae explained, "Among tech companies, we have focused on the representative companies of internet connectivity (Gateway) smartphones, ‘Apple’; the representative semiconductor company that concretely realizes technology, ‘NVIDIA’; the representative company for information search and data centers, ‘Google’; and the company most actively investing in artificial intelligence (AI), ‘Microsoft’. Based on this, we have launched the ACE Big Tech Value Chain Active Exchange-Traded Fund (ETF) series."
The seminar was organized to hear expert analyses regarding investments in big tech companies leading the US market.
The first presenter at the seminar was Adam Sisell, author of 'Money Flows to Big Tech' and CEO of Gravity Asset Management. Adam Sisell explained, "The world is changing. In the 1990s, only two IT companies ranked within the top 10 by market capitalization, but entering the 2020s, eight companies are not only within the top 10 but also occupy the top 1 to 3 positions (as of 2021)."
He added, "Big tech companies enjoy economic moats based on winner-takes-all structures and brand value. This is why investing in representative companies that have built economic moats, rather than all tech stocks, is the best way to accumulate wealth."
The second presenter was Kim Deok-jin, Director of the IT Communication Research Institute. Director Kim stated, "As the generative artificial intelligence (AI) industry develops, the importance of tech companies is increasing. In the future, the AI industry will be reorganized mainly around big tech companies that have gained a competitive edge based on capital power beyond imagination."
The seminar concluded with Kim Seung-hyun, ETF Consulting Manager at Korea Investment Trust Management. Manager Kim said, "We have launched four types of the ACE Big Tech Value Chain Active ETF series that invest in big tech companies dominating the AI industry and their value chain companies." He added, "Each of the four products focuses on NVIDIA (AI semiconductors), Microsoft (generative AI), Google (search and cloud), and Apple (on-device AI), while also investing in the value chains related to each company."
He continued, "The US stock market is changing centered on big tech companies, and the influence of the top seven big tech companies, collectively called the Magnificent 7, is growing even more through technological innovation. The listing of the ACE Big Tech Value Chain Active ETF series will be a great opportunity for investors to simultaneously invest in companies growing alongside big tech."
Korea Investment Trust Management will newly list four types of the ACE Big Tech Value Chain Active ETF series on the Korea Exchange on the 11th: △ACE Google Value Chain Active ETF △ACE Microsoft Value Chain Active ETF △ACE Apple Value Chain Active ETF △ACE NVIDIA Value Chain Active ETF.
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