In a remarkable celebration of innovation and growth, Hantu Management commemorated the third anniversary of its ACE ETF rebranding at an investment seminar held at the Conrad Hotel in Yeouido, Seoul, on October 24. The event was graced by Bae Jae-kyu, the president of Korea Investment Trust Management, who is often referred to as the “ETF father.”
During the seminar, Bae addressed the ongoing debates surrounding whether the current surge in artificial intelligence (AI) investments constitutes a bubble. He stated, “It doesn’t matter at all whether it’s an artificial intelligence (AI) bubble or not. Bubbles always happen.” His perspective underscores the volatility inherent in tech investments, particularly in the rapidly evolving AI sector.
Bae advocated for a long-term investment strategy focused on technology stocks, specifically through exchange-traded funds (ETFs) rather than individual stocks. He asserted, “Future growth is not in manufacturing, but in tech companies,” emphasizing that traditional manufacturing should not even be a consideration in today’s market. This viewpoint aligns with a broader trend where tech firms are increasingly seen as the driving force of economic development.
In his remarks, Bae highlighted the convenience of ETFs for investors, stating that they mitigate emotional decision-making often associated with investing in individual stocks. He advised investors to focus on the Nasdaq index, which boasts a higher concentration of tech stocks, over the manufacturing-heavy S&P index.
The ACE brand, which Korea Investment Trust Management transitioned from its previous identity of “KINDEX” on October 13, 2022, has seen significant growth. The total net assets of ACE ETFs skyrocketed from 3 trillion won at the time of rebranding to 22 trillion won by the end of last month, according to FnGuide. This impressive increase showcases the brand’s ability to resonate with investors.
Na Yong-soo, head of the ETF management division at Korea Investment Trust Management, also spoke at the seminar. He noted that since its rebranding, ACE ETF has consistently introduced innovative products focusing on long-term investment assets, with a striking 70% of new products released containing tech stocks. The proportion of individual investors in ACE ETFs stands at 42%, making it a leader in the industry.
Na emphasized that the rebranding to ACE was more than a mere name change; it represents a commitment to enhancing customer value. A total of 56 ACE ETFs have been listed since the rebranding, including Korea’s largest overseas bond ETF, which has been specifically tailored to meet customer needs.
Notably, the flagship product, “ACE Global Semiconductor TOP4 Plus,” has achieved a staggering return of 334.14% since its inception. Other successful products include “ACE Nvidia Bond Mix” at 152%, “ACE AI Semiconductor Focus” at 117%, and “ACE Big Tech TOP7 Plus” at 122%. These figures highlight the potential for substantial returns within the tech-focused ETF landscape.
Additionally, Bae unveiled his new book, “Anyone Can Get Rich with Investment,” which encapsulates 30 years of his experience in the asset management field. The book covers essential topics such as the definition of investment, successful investment strategies, the long-term value of tech stock investments, and asset allocation strategies utilizing ETFs.
In conclusion, Bae highlighted two critical factors for successful investing: direction and time. He stated, “Direction refers to the investment target for where to invest, and time is about the volatility of what happens after investing.” As the tech landscape continues to evolve, investors may find Bae’s insights invaluable for navigating this dynamic market.
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