Construction and Semiconductor ETFs Lead Gains Amid Robust Inflows
Last week, the South Korean stock market saw strong performances from ETFs focused on construction, semiconductors, and AI. Construction ETFs, including 'TIGER Construction' and 'TIGER 200 Construction,' led returns with a remarkable 21.83% gain, driven by expectations for post-war reconstruction projects in the Middle East and an anticipated expansion of infrastructure investment.
Semiconductor and IT leveraged ETFs also recorded impressive returns, buoyed by Samsung Electronics' first-quarter earnings surprise and optimism regarding a potential ceasefire in the Middle East. Notably, 'TIGER 200IT Leveraged,' 'TIGER Semiconductor TOP10 Leveraged,' and 'KODEX Semiconductor Leveraged' ETFs occupied the top spots in weekly rankings. The average fund returns were reported at 10.15% domestically and 1.90% internationally, highlighting the outperformance of the local market.
Conversely, energy ETFs weakened due to declining oil prices, and a shift in AI sector investment focus toward infrastructure caused software-related ETFs to underperform. There is also a growing trend of capital flowing into ETFs tied to the U.S. S&P500 index, reflecting a cautious search for safer investment opportunities.
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