Business · Markets · 2 hrs ago

Kiwoom to launch ETF focused on MLCC and AI packaging-board firms

Kiwoom to launch ETF focused on MLCC and AI packaging-board firms

Kiwoom Investment Management plans to list a new exchange-traded fund in South Korea on Oct.

13.

The fund will invest in 10 companies listed on global stock markets that are linked to multilayer ceramic capacitors, or MLCCs, and AI semiconductor packaging boards.

It will track an index that selects companies in these fields.

The four highest-ranked holdings will make up 80% of the fund, with the other six weighted according to their freely traded market value.

Its current largest holdings are Japan's Murata Manufacturing and South Korea's Samsung Electro-Mechanics, each at 25%; Taiyo Yuden and LG Innotek each account for 15%.

The fund gives investors a way to invest in companies connected to components used in electronics and AI semiconductors.

Sources

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