Demand for Long-Term Investment in U.S. Tech Stocks Continues... Retail Net Purchases of ACE US Nasdaq 100 Surpass 500 Billion Won

[Financial News] Despite continued volatility in the U.S. stock market, retail funds seeking to invest in the long-term growth potential of major technology stocks in areas such as artificial intelligence (AI), semiconductors and platforms continue to flow in. The ACE US Nasdaq 100 exchange-traded fund (ETF) managed by Korea Investment Management has attracted more than 500 billion won in retail net purchases since the beginning of the year.
Korea Investment Management said on the 29th that cumulative retail net purchases of the ACE US Nasdaq 100 ETF since the beginning of the year totaled 509.7 billion won as of the 28th.
The ACE US Nasdaq 100 ETF tracks the Nasdaq-100 Index, which consists of the 100 largest companies by market capitalization listed on the Nasdaq market, excluding financial stocks. It enables diversified investment in major U.S. technology and growth stocks, including NVIDIA, Microsoft, Google, Apple, Amazon.com and Meta Platforms, without separately exchanging currencies.
The continued retail buying despite recent market volatility is seen as reflecting sustained demand for long-term investment in leading U.S. growth companies while diversifying the risks associated with investing in individual technology stocks. The ability to make regular investments through long-term investment accounts, such as pension savings and retirement pension accounts, also supported the inflow of funds.
Performance has also remained strong. As of the previous day, the ETF's return over the past six months was 15.33%, while its one-year return was 19.56%. Its three-year return was 108.17%, and its net assets totaled 3.6098 trillion won.
Yongsoo Nam, head of the ETF division at Korea Investment Management, said, "More retail investors are steadily buying Nasdaq-100 ETFs because they see the long-term growth potential of global innovative companies in areas such as AI, semiconductors and platforms." He added, "The product offers diversified investment in leading U.S. growth stocks, and using a pension account provides tax-deferral benefits, making it a highly useful long-term asset-allocation vehicle."   

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