KODEX US AI Power Core Infrastructure Net Assets Surpass 100 Billion Won

Samsung Asset Management announced on the 12th that the ‘KODEX US AI Power Core Infrastructure,’ the first US artificial intelligence (AI) power ETF in Korea, recorded net assets of 118.8 billion KRW. Since its listing, the cumulative net purchase by individual investors has also reached 39.7 billion KRW.

Since its listing on July 9th, it achieved a return of 27.7% as of November 11th. During the same period, it delivered an excess return of about 23 percentage points (P) compared to the Nasdaq 100 index and more than 18 P compared to the S&P 500 index, resulting in steady buying momentum from investors.

The KODEX US AI Power Core Infrastructure ETF focuses intensively on representative companies in the core value chain of the power infrastructure industry. It holds GE Vernova, which comprehensively produces power grids, nuclear, and natural gas power generators, with a weighting of about 14.9%. It also includes Constellation, the leading US nuclear power company (14%), and Arista Networks, the top company in network high-bandwidth equipment (13.9%).

In the Q3 earnings reports of major US big tech companies such as Microsoft, Alphabet, Amazon, and Meta Platforms, it was commonly stated that significant investment in the US AI power infrastructure sector will be necessary next year. The demand for replacing aging US infrastructure facilities is also intertwined, and the earnings of these companies have consistently exceeded market expectations. Furthermore, considering the emphasis on infrastructure importance during the previous term of US President Donald Trump, who was elected again, a favorable wind from the Trump administration’s infrastructure policies is also anticipated. In fact, GE Vernova, which holds the largest weighting in the ETF, recorded a 26.4% return from its earnings announcement on October 23rd to November 11th, and it rose 18.3% since Trump’s election.

Supported by industry outlooks and corporate earnings, net purchases have continued steadily not only from individual investors but also from pension funds, insurance companies, and banks since the listing.

Manager Kim Cheonheung of Samsung Asset Management said, "Due to the replacement of aging infrastructure facilities in the US and the surge in power infrastructure demand driven by AI data centers, the upward trend of power infrastructure companies will continue for some time," and added, "This product focuses on core representative companies within the AI power infrastructure value chain, aiming to pursue both stability and growth."