NH-Amundi Asset Management lists HANARO Samsung Electro-Mechanics Fixed AI Core Substrate ETF

NH-Amundi Asset Management announced Tuesday the listing of the HANARO Samsung Electro-Mechanics Fixed AI Core Substrate ETF, a product investing in domestic companies involved in multilayer ceramic capacitors (MLCC) and AI substrates.

The ETF holds a total of 10 stocks — Samsung Electro-Mechanics and nine companies across the AI substrate value chain. Samsung Electro-Mechanics serves as the core holding, as it is one of the few companies that produces both MLCC and flip-chip ball grid array (FC-BGA) semiconductor package substrates.

The ETF fixes Samsung Electro-Mechanics at a 25 percent weighting. Even if share price movements shift that proportion within the fund, quarterly rebalancing will restore it to 25 percent.

The remaining 75 percent is distributed across the nine other stocks. Corporate disclosures, news and research notes are analyzed using a large language model to score each company's relevance to the MLCC and substrate theme, and the top nine are selected.

Weightings are determined by combining theme-relevance scores with market capitalization, with a 20 percent cap on any individual stock. Eligible companies include not only semiconductor package substrate and high-layer multilayer board manufacturers but also substrate materials and equipment firms.

As of the end of last month, LG Innotek, Doosan, Isupetasys and Daeduck Electronics followed Samsung Electro-Mechanics in that order by weighting. The fund also holds Simtech, Korea Circuit, Taesung, TLB and Haesung DS.

"As the computational performance of AI servers increases, demand for MLCC — which ensures stable power supply — and high-performance substrates is rising in tandem," said Kim Seung-cheol, head of the ETF investment division at NH-Amundi Asset Management. "The HANARO Samsung Electro-Mechanics Fixed AI Core Substrate ETF lets investors access the entire domestic AI substrate value chain in a single trade, centered on Samsung Electro-Mechanics as a company that produces both MLCC and substrates."

NH-Amundi Asset Management is also running a live "Investment Briefing" series on its official YouTube channel to keep investors informed. Employees appear in the podcast-style program, which reviews domestic and international financial market trends over the past month and offers an outlook for the period ahead.