Spotlight on EV and Battery Sector ETFs
Korea Investment & Securities has launched the 'ACE BYD Value Chain Active' ETF, bringing attention to the burgeoning electric vehicle sector. This ETF is based on the Bloomberg BYD Plus Top Supply Chain Index, consisting of key suppliers related to BYD's batteries and electric vehicle components. Given BYD's commanding 21.1% market share, leading the electric vehicle sector, the new ETF aims to attract investment interests targeting this area.
In the domestic ETF market, Mirae Asset Global Investment's 'TIGER Secondary Battery TOP10' ETF witnessed a 14.06% increase last week, gathering significant attention. Additionally, the leveraged versions, 'TIGER Secondary Battery TOP10 Leverage' and Samsung Asset Management's 'KODEX Secondary Battery Industry Leverage' recorded impressive returns of 30.31% and 24.84%, respectively, showcasing robust investor enthusiasm. Furthermore, the newly listed product from VI Asset Management, 'FOCUS Alibaba US Treasury Covered Call Mix,' adds another dimension to the evolving ETF landscape.
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[ETF of the Week] Mirae Asset Management's 'TIGER Secondary Battery TOP10' Rises Over 10%, Strength in Secondary Battery-related ETFs - Business Post[ETF of the Week] Mirae Asset Management's 'TIGER Secondary Battery TOP10' Rises Over 10%, Strength in Secondary Battery-related ETFs
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Hanwha Asset Management Launches Korea's First ETF Focused on 'EV Leader' BYD - EdailyHanwha Investment Trust Management will launch the country's first exchange-traded fund (ETF) focused on the global electric vehicle company BYD this mid-month. According to the financial investment industry on the 4th, Hanwha Investment Trust Management is listing the 'ACE BYD Value Chain Active' ETF. In the global electric vehicle market, BY...