The 'RISE Tesla Fixed Tech 100 ETF' and 'RISE Palantir Fixed Tech 100 ETF', launched by KB Asset Management on May 13, have attracted significant investor attention by delivering strong performance immediately after their listing.
According to the financial investment industry on May 15, as of May 14, the RISE Tesla Fixed Tech 100 ETF and RISE Palantir Fixed Tech 100 ETF recorded returns of 9.2% and 8.5%, respectively, just two days after their listing.
These ETFs are characterized by allocating a fixed 25% weight to either Tesla or Palantir, with the remaining 75% invested in 100 technology stocks listed on the US Nasdaq, thus closely mirroring the Nasdaq 100. In conventional Nasdaq 100 ETFs, the weights of Tesla (approximately 3%) and Palantir (about 1?2%) are relatively low. As the long-term innovation and growth potential of these stocks have been highly evaluated, investor demand to increase exposure to these stocks has been rising. Reflecting this structure, the ETFs aim to achieve both growth potential and stability through diversification.
The YouTube Shorts video featuring the Optimus robot on Tesla’s official channel has reaffirmed 'confidence in American technological superiority.' In addition, expectations for the launch of robotaxis, the strengthening of AI chip development, and the expansion of the energy business have all contributed to a notable rebound in Tesla’s stock price.
Palantir has also raised its earnings forecasts for this year. As AIP emerges as a core platform enabling AI-based autonomous operations for enterprises, demand is increasing not only from the US Department of Defense but also from private companies, raising investor expectations.
Lee Soyoun, head of ETF Product Planning at KB Asset Management, stated, "For investors who have strong convictions about specific high-growth stocks, this ETF can be an efficient investment vehicle," adding, "Unlike typical Nasdaq 100 ETFs, this is a strategic product that enhances alpha from core leading stocks, and it will differentiate itself in the thematic ETF market."
For both products, net purchases by individual investors have been rapidly increasing since listing. Interest in the related stocks and ETFs is also growing on online communities and investor forums.
Lee further introduced, "This product aims for higher returns than market indices and more stable performance than individual stocks. It is recommended for investors who trust in the innovation and long-term growth of Tesla and Palantir."
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