New Ventures in South Korea's AI Software ETF Market
Shinhan Asset Management is preparing to introduce South Korea's first AI software-themed ETF, following the success of its SOL U.S.-AI Software launch. Notable domestic AI companies like Naver and Kakao might be included in its portfolio, while firms like Douzone Bizon and Selvas AI are also significant candidates. The ETF market is becoming increasingly competitive as Samsung Asset Management and Mirae Asset Management also participate.
Amidst the government's initiative to drive AI transformation with ambitions to become a global AI powerhouse, the financial investment sector is actively releasing AI-related ETFs. Shinhan Asset Management's SOL Korean AI Software ETF and Hana Asset Management's 1Q K Sovereign AI ETF are set to be listed soon. These ETFs, focusing on major companies like Naver, Kakao, and Samsung SDS, are projected to see substantial growth alongside the government's AI development policies.
As the ETF market evolves rapidly, investor interest is diversifying. Seunghyun Kim, a department head, highlighted AI and Chinese hardware as promising sectors for the latter half of the year, drawing attention to investments in large Chinese companies like Xiaomi. Hana Asset Management has launched an ETF centered around Xiaomi, while in the medical AI domain, American companies are gaining traction. However, investors need to be cautious of volatility risks.
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