KOSEF US Quantum Computing ETF Sold Out Within 5 Minutes of Listing

‘KOSEF US Quantum Computing’ Exchange-Traded Fund (ETF) launched by Kiwoom Asset Management sold out within 5 minutes of its listing on the 17th.

Kiwoom Asset Management announced on the 19th that KOSEF US Quantum Computing, which was listed on the Korea Exchange on the 17th, sold all of its initial 750,000 shares within 5 minutes of market opening.

KOSEF US Quantum Computing is the first quantum computing ETF launched in Korea. It is interpreted that investor interest has been focused on the high growth potential of the quantum computing industry.

Individual investors showed strong net buying. According to the Korea Exchange, individual investors’ net purchase amount of KOSEF US Quantum Computing was 17.9 billion KRW, ranking 2nd among 930 ETFs listed domestically based on individual net purchase amount. On the same day, the top individual net purchase was KODEX Leverage (29.4 billion KRW). Excluding leveraged products, KOSEF US Quantum Computing had the strongest buying momentum among regular 1x ETFs. On the listing day, a total of 3,152,859 shares of KOSEF US Quantum Computing were traded, with a total trading value of 32.7 billion KRW.

KOSEF US Quantum Computing is a product that invests in 20 US companies leading the quantum computing industry. It includes major companies across the entire quantum computing value chain, from hardware and infrastructure including quantum computers to related software and services. It evenly covers quantum technology specialized startups such as IonQ and big tech companies growing their quantum computing business based on high technological capabilities. The fund has high investment proportions in IonQ, Marvell Technology, Honeywell International, NVIDIA, and IBM. It also invests in Amazon, Alphabet (Google), Palo Alto Networks, and Microsoft.