Korea Investment Management to list Global AI-based ASIC ETF

The ETF targets the top 10 US and Taiwanese companies by market cap specializing in AI ASIC design and development

Korea Investment Management to list Global AI-based ASIC ETF
Man-Su Choe 1
Oct 21, 2024 (Gmt+09:00) bebop@hankyung.com
Korean stock market


Korea Investment Management Co. said on Monday it will list the ACE Global AI ASIC exchange-traded fund (ETF) on October 22.

The ETF will focus on investing in the top 10 companies by market capitalization specializing in artificial intelligence (AI) application-specific integrated circuits (ASICs) design and development among US and Taiwanese stocks.

Its major holdings will include Marvell Technology, Broadcom, ARM, Cadence Design Systems, Credo Technology Group, and Synopsys.

A key differentiator of this ETF is its strategy to invest in hidden AI semiconductor leaders, offering an independent portfolio distinct from existing global semiconductor ETFs.

In conjunction with the listing, Korea Investment Management will also release an updated semiconductor investment guidebook.

The guidebook will introduce the new product and highlight the latest trends in semiconductor technology.

Write to Man-Su Choe at bebop@hankyung.com
#Korea Investment Management #AI ASIC ETF

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