Korean Investors Focus on U.S. Tech ETFs Amid AI Hype
Despite the concerns over an AI bubble, Korean investors are actively investing in U.S. tech-tracking ETFs. Even amid heavy sell-offs in tech stocks on the New York Stock Exchange, ETFs such as KODEX S&P500 and KODEX AI Power Core Infrastructure are gaining popularity among domestic investors. This indicates a contrarian approach to market sentiment, viewing the tech downturn as a buying opportunity.
Sam Altman, CEO of OpenAI, has warned investors about the excessive enthusiasm in AI investments, attributing this to the weakness in tech stocks. However, experts maintain a positive outlook, suggesting that the AI revolution will drive tech stock growth in the long term. There is growing optimism that AI technology will lead innovation across industries in the next few years.
Kim Do-hyung, head of ETF consulting at Samsung Asset Management, emphasizes long-term growth and innovation as pivotal investment criteria, recommending U.S. AI-related equity ETFs in particular. He stresses the importance of customized investment strategies aligned with investor needs and prioritizes returns over costs. For the latter half of the year, he advises reducing predictions and lowering profit expectations.
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[ETF People Site①] If you have 10 million KRW, which top management company to choose?... Kim Do-hyung from Samsung Asset Management: "US AI ETF" - meconomynews.com[Editor's Note] The Exchange Traded Fund (ETF) market has soared beyond 200 trillion KRW. ETFs are no longer just an investment tool for specific generations or experts. As the market expands, 'leaders' who plan and manage these products are at the center. Through Market Economy, we meet the heads of ETF departments at each asset management company to share their business strategies, philosophies, and market perspectives. "I will invest in stock ETFs related to US AI (Artificial Intelligence)" If you have 10 million KRW, which ETF would you invest in? This is the question addressed by Kim Do-hyung from Samsung Asset Management's ETF Consulting.