“Samsung Electro-Mechanics weighting fixed at 25%” ... NH-Amundi lists AI core substrate ETF

[Financial News] NH-Amundi Asset Management is launching an exchange-traded fund (ETF) that invests in domestic companies involved in multilayer ceramic capacitors (MLCCs) and artificial intelligence (AI) substrates, including Samsung Electro-Mechanics.
NH-Amundi Asset Management said on the 10th that it would list the HANARO Samsung Electro-Mechanics Fixed AI Core Substrate ETF.
The ETF invests in 10 stocks in total, including Samsung Electro-Mechanics and nine companies involved in AI substrates. Samsung Electro-Mechanics, which produces both MLCCs and flip-chip ball grid arrays (FC-BGAs), will have a fixed weight of 25%. Even if its weight changes due to stock price movements, it will be rebalanced to 25% each quarter through regular portfolio adjustments.
The remaining 75% will be distributed across nine stocks related to AI substrates. The fund uses a large language model (LLM) to analyze company disclosures, news and brokerage reports, among other sources, and select stocks with strong ties to MLCCs and substrates. Eligible holdings include not only companies that make semiconductor packaging substrates and multilayer board (MLB) substrates, but also substrate materials and equipment companies. Allocation weights are determined based on thematic relevance and market capitalization, with an individual stock weight capped at 20%.
As of the end of last month, the main holdings included Samsung Electro-Mechanics, LG Innotek, Doosan Group, Isu Petasys and Daeduck Electronics. The ETF also holds Simmtech, Korea Circuit, Taesung, TLB and Haesung DS.
Kim Seung-cheol, head of ETF Investment at NH-Amundi Asset Management, said, “As the computing power of AI servers increases, so does the amount of MLCCs and high-performance substrates installed to ensure a stable power supply,” adding, “This product lets investors gain one-shot exposure to the domestic AI substrate value chain, centered on Samsung Electro-Mechanics.”

[email protected] Min-ji Seo Reporter