NH-Amundi Asset Management lists HANARO US Agentic AI TOP2+ ETF with focus on Microsoft, Alphabet

NH-Amundi Asset Management announced Tuesday it will list the HANARO US Agentic AI TOP2+ ETF, a fund investing in US companies tied to agentic AI.

The ETF invests in 10 companies listed on US exchanges that are involved in agentic AI and the broader technology ecosystem supporting it. Agentic AI refers to AI systems that set their own goals, devise plans and carry out tasks autonomously without requiring individual instructions from users.

The 10 holdings are selected by scoring each company's relevance to agentic AI through large language model-based contextual analysis of business reports and public disclosures, with market capitalization also factored into the selection.

A defining feature of the fund is its concentrated allocation to the top two holdings — companies with their own foundation models — each assigned a 25% weighting.

As of the end of August, Microsoft and Alphabet hold the top two spots. The fund also includes Meta, Amazon, CrowdStrike, Datadog and Dell Technologies, among others.

The portfolio is structured around two pillars that mirror how AI agents operate: AI models for reasoning and planning, and the infrastructure needed to run and manage those models in practice.

Accordingly, companies that develop frontier AI models or own the cloud infrastructure to run them are placed at the top of the portfolio, while firms providing the computing, networking, data and security infrastructure required to operate AI agents are distributed across the remaining holdings.

Another feature of the index methodology is a special inclusion mechanism that allows highly theme-relevant companies to be added to the portfolio outside of regular rebalancing cycles when they newly list.

Should major frontier AI companies currently not publicly traded — including Anthropic and OpenAI — complete a listing, they could be added to the portfolio following a review by the index committee to determine whether they meet eligibility requirements.

"Now is the right time to invest preemptively in key sectors, as the productivity revolution driven by agentic AI is gaining full momentum," said Kim Seung-cheol, head of the ETF investment division at NH-Amundi Asset Management. "The HANARO US Agentic AI TOP2+ ETF lets investors concentrate on core foundation model companies while capturing the entire supporting infrastructure ecosystem in a single fund."

The HANARO Fn K-Semiconductor ETF, an earlier fund from NH-Amundi Asset Management, has posted the highest return among domestically listed ETFs — excluding leveraged ETFs — from the start of the year through Wednesday. The fund invests in 20 companies representing South Korea's semiconductor industry.