Retail investors' cumulative net purchases exceed 550 billion won ($363 million); return since listing reaches 28.68%
KB Asset Management announced Thursday that its RISE Hyundai Motor Fixed Physical AI exchange-traded fund surpassed 500 billion won in net assets just 13 trading days after its listing. Retail investors' cumulative net purchases in the ETF have also exceeded 550 billion won ($363 million).
Listed on May 12, the RISE Hyundai Motor Fixed Physical AI ETF invests in core Hyundai Motor Group affiliates as well as major companies expected to benefit from the broader transition toward robotics and AI. It is structured to provide exposure across the entire physical AI ecosystem.
The ETF tracks the KEDI Hyundai Motor Fixed Physical AI Index and carries a fixed allocation of approximately 25 percent to Hyundai Motor. It also invests in the top 14 stocks with strong relevance to physical AI, spanning autonomous driving, robotics and factory automation.
The fund sets itself apart from conventional automotive ETFs by reducing exposure to the internal combustion engine-centered auto industry while expanding holdings in robotics, AI software and smart factory-related companies, keeping the focus on future growth potential. At the same time, it concentrates on companies with stable earnings and sound financial structures, lowering volatility compared with general robotics-themed ETFs.
The fund's major holdings are Hyundai Motor at 23.69 percent, Hyundai Mobis at 16.90 percent, LG Innotek at 13.68 percent, Kia at 10.79 percent, Hyundai AutoEver at 9.19 percent, Rainbow Robotics at 6.86 percent, LG CNS at 6.12 percent and Doosan Robotics at 4.52 percent.
According to FnGuide, the ETF's cumulative return since listing stood at 28.68 percent as of June 2.
"Hyundai Motor Group is evolving into South Korea's leading physical AI platform company, connecting robotics, software-defined vehicles, smart factories and autonomous driving," said Yuk Dong-hwi, head of KB Asset Management's ETF product marketing division. "The RISE Hyundai Motor Fixed Physical AI ETF is a next-generation strategic product that captures both the potential revaluation of Hyundai Motor Group and the growth momentum of its key partners."
moon@heraldcorp.com
