South Korean Asset Manager Launches Memory Chip Fund Tailored for Pension Accounts

Korea Investment Asset Management will list an actively managed ETF split evenly between the shares of the world's three largest memory chip makers and high-grade Korean bonds. The structure aims to capture growth from high-bandwidth memory (HBM) driven by AI infrastructure expansion, while its holdings of short-term government bonds allow it to meet the compliance requirement for 100% allocation eligibility in pension accounts. The asset manager announced on the 3rd the launch of the ACE Global Memory Semiconductor TOP3 Bond Mixed Active ETF. The fund tracks the FnGuide Global Memory Semiconductor TOP3 Bond Mixed Index, calculated by FnGuide and denominated in Korean won. (Sina Finance)