Kiwoom Asset Management Launches AI Components ETF in South Korea

Kiwoom Asset Management launched the KIWOOM Global MLCC & AI Substrate TOP4+ ETF (0247S0), targeting manufacturers of multilayer ceramic capacitors (MLCCs) and semiconductor packaging substrates used in AI servers. The fund tracks the iSelect Global MLCC & AI Substrate TOP4+ Index and holds 10 companies, with 80% of its portfolio concentrated in four stocks: Murata Manufacturing and Samsung Electro-Mechanics at 25% each, followed by Taiyo Yuden and LG Innotek at 15% each. The remaining 20% is allocated across six companies involved in electronic components, printed circuit boards and semiconductor materials. Kiwoom describes the ETF as South Korea's first focused on MLCCs and AI substrates, offering exposure to Korean and Japanese manufacturers benefiting from AI infrastructure investment.