Korea Investment Management to Launch Thematic Active ETFs Focused on India
Korea Investment Management is on the brink of listing two thematic active ETFs focusing on India, marking a first in the Asian market. The ACE India Consumer Power Active ETF and ACE India Major 5 Group Active ETF each concentrate on the consumer discretionary and infrastructure and renewable energy sectors, respectively. The investment strategies were formulated by analyzing China's growth patterns, emphasizing the long-term growth potential and profitability of the Indian economy.
Director Hyun Dong-sik stated that these ETFs aim to outperform the 'Nifty50' index and are expected to deliver higher returns compared to traditional index-tracking Indian ETFs. The key feature of these ETFs is their targeted investments in India's top five conglomerates (Tata, Reliance, Adani, L&T, Bajaj). Additionally, the growth potential in India's consumer discretionary, electronics, automotive, and healthcare sectors is underlined.
However, Korea Investment Management faces formidable competition from Mirae Asset Global Investments, which has a strong foothold in the Indian ETF market. This launch is anticipated to significantly expand Korea Investment Management's market share.
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