Hantoo Asset Management ACE KRX Gold Spot ETF Surpasses 1 Trillion KRW in Net Asset Value

Korea Investment Trust Management announced on the 14th that the net asset value of the ACE KRX Gold Spot Exchange-Traded Fund (ETF) has surpassed 1 trillion won.

The ACE KRX Gold Spot ETF is a gold spot investment-type ETF first introduced by Korea Investment Trust Management in 2021, the first among domestic asset management companies. It is the only ETF product that invests in gold spot.

According to the Korea Exchange, the net asset value of the ACE KRX Gold Spot ETF reached 1.0042 trillion won as of the 13th. This represents a 61.24% increase compared to 622.8 billion won at the end of last year.

The increase in the net asset value of the ACE KRX Gold Spot ETF is attributed to net purchases by individual investors. Individual investors have continuously made net purchases of the ACE KRX Gold Spot ETF every trading day this year without missing a single day. Since the 2nd of last month, the cumulative net purchase amount by individual investors has reached 105.8 billion won. On the 12th, individual investors injected 12 billion won, ranking first in net purchases among 944 ETFs listed domestically. This is the highest daily net purchase by individuals since the ACE KRX Gold Spot ETF was listed.

Since the inauguration of U.S. President Donald Trump, demand for gold investment has steadily increased. As tariff policies have been implemented, preference for gold, classified as a safe asset with low correlation to stocks, has risen. Consequently, the international gold price (per one troy ounce) has increased by 11.53% this year alone.

The performance of the ACE KRX Gold Spot ETF is also outstanding. The ACE KRX Gold Spot ETF recorded a return of 27.24% this year. The reason the ACE KRX Gold Spot ETF’s return exceeds the international gold price increase is that it is designed as a currency-exposed type, benefiting from the rise of the U.S. dollar. The recent 1-year and 3-year returns of the ACE KRX Gold Spot ETF were 86.67% and 124.27%, respectively.

Nam Yong-su, Head of ETF Management at Korea Investment Trust Management, explained, "The ACE KRX Gold Spot ETF is the only gold ETF in Korea that can be invested in through retirement pension accounts. Given the uncertainties due to the Trump administration’s policies and concerns about the U.S. fiscal deficit, which may intensify stock market volatility, it would be beneficial to invest in the ACE KRX Gold Spot ETF as part of asset allocation."

The ACE KRX Gold Spot ETF is a performance dividend-type product, and past performance does not guarantee future results. Additionally, principal loss may occur depending on management outcomes, so caution is advised.