Samsung Asset Management announced on the 10th that the total net worth of two exchange-traded funds (ETFs) investing in power infrastructure corporations in the U.S. and Korea has exceeded 800 billion won just one year after their listing.
Samsung Asset Management reported that the net worth of the U.S. AI Power ETF 'KODEX U.S. AI Power Core Infrastructure' recorded 501.6 billion won. The net worth of 'KODEX AI Power Core Facilities,' which invests in representative Korean power facilities corporations, also surpassed 300 billion won as of the 7th and grew to 320 billion won that day.
'KODEX U.S. AI Power Core Infrastructure' is an ETF that focuses on investing in 10 representative corporations of the power infrastructure industry in the U.S., including power generation, transmission and distribution networks, and data centers. The portfolio includes GE Vernova, Constellation Energy, Vistra Energy, Eaton, Arista Networks, Train Technologies, among others.
The growth of KODEX AI Power Core Facilities, which invests in domestic power facilities corporations, is also steep. This product, which recorded a cumulative net purchase of 117.8 billion won within its first year of listing, achieved a net worth of 327.7 billion won as of that day.
The KODEX AI Power Core Facilities ETF focuses on investing about 60% in three major corporations known as 'Big 3' in power equipment: Hyosung Heavy Industries, HD Hyundai Electric, and LS ELECTRIC, while concentrating investments in approximately 10 core stocks in domestic power facilities.
Lee Dae-hwan, a manager at Samsung Asset Management, noted, 'As new and replacement demands for power facilities are intertwined globally, the supercycle of power facilities will continue,' adding that 'not only in North America but also in Europe, the influence is growing, so interest from investors in KODEX AI Power Core Facilities will continue in the second half.'