“ACE Korea Value-Up ETF to be Listed on November 4th
A Passive Product Utilizing the Korea Value-Up Index
Korea Investment Management announced on the 31st that it will list the ACE Korea Value-Up Exchange Traded Fund (ETF) on November 4th. The ACE Korea Value-Up ETF is a product that tracks the Korea Value-Up Index, which is calculated and published by the Korea Exchange.
The Korea Value-Up Index is characterized by including 100 domestic listed stocks that meet criteria for market representation, profitability, and shareholder returns. Since the ACE Korea Value-Up ETF is a passive product, it aims to incorporate most of the components of the Korea Value-Up Index.
As of the 30th, constituents of the Korea Value-Up Index include stocks from the securities market such as Samsung Electronics, SK Hynix, and Korea Financial Group, as well as KOSDAQ stocks like LIG Nex1 and Solvein.
With the introduction of this ETF, Korea Investment Management will expand its lineup of ETFs that invest in enhancing shareholder value to three. Previously, in 2022 and last October, they introduced the ACE Shareholder Return Value Stock Active ETF and the ACE Life Asset Shareholder Value Active ETF.
The two previously listed products are active products, while the newly listed ACE Korea Value-Up ETF is a passive product.
Nam Yong-Soo, Head of ETF Management at Korea Investment Management, stated, ‘We expect the chronic undervaluation of the Korean stock market can be resolved, aided by government-led value-up programs. This is why attention should be given to investments in stocks with high potential for corporate value improvement.'”