Korea Investment Management to launch two India-focused ETFs

Korea Investment Management said on Wednesday it will launch two active exchange-traded funds (ETFs) targeting the Indian market on September 10.

The new ETFs—ACE India Consumer Power Active and ACE India Market Representative BIG5 Group Active—will focus on growth sectors in India.

ACE India Consumer Power Active will invest in 15 companies across consumer discretionary sectors, including home appliances, automobiles, and healthcare, all deemed to have significant long-term growth potential in India.

The strategy is based on the expectation that India, often referred to as the "next China", will follow a similar growth path, where rising GDP leads to increased spending on discretionary goods, as seen in China.

ACE India Market Representative BIG5 Group Active will focus on five major Indian conglomerates—Tata, Reliance, Adani, L&T, and Bajaj—and invest in 15 to 20 key stocks within each group.

Write to Man-Su Choe at bebop@hankyung.com