Korea Investment's Nasdaq 100 ETF surpasses $747 mn

Korea Investment Management Co. said on Thursday that the net assets of its ACE US Nasdaq 100 Exchange-Traded Fund (ETF) had surpassed 1 trillion won ($747 million).

This marks the third ACE ETF to reach this milestone, following the ACE US 30-Year Treasury Active (H) and ACE US S&P 500.

Launched in October 2020, the foreign exchange exposure type ETF tracks the Nasdaq 100 index.

Korea Investment Management attributed the growth to strong individual investor interest, with net purchases totaling 221.8 billion won this year.

The ETF is now ranked 18th among the 881 ETFs listed in Korea.

Write to Su-Ji Na at suji@hankyung.com