Money pours into space and robotics ETFs and high-interest savings accounts; net assets of TIGER U.S. Space Tech1surpass trillion won
An ETF focused on private U.S. space companies saw its net assets exceed1trillion won in just one month. Some space-related ETFs reduced their holdings, while news also emerged of the launch of a global robotics ETF and a savings account offering an annual interest rate of4.7%.
An ETF focused on private U.S. space companies saw its net assets exceed1trillion won in just one month. This followed a short-term influx of funds into the space-themed ETF named TIGER U.S. Space Tech. Expectations related to SpaceX have been cited as a reason for the inflows into the ETF.
Other space-related ETFs adjusted their holdings despite expectations of investment in SpaceX. Some funds changed their constituent securities and weightings. Asset managers disclosed changes to their portfolios or updated their investment information.
Separately from space, asset managers also brought out a series of products related to robotics and AI. TIME launched an ETF holding global robotics stocks. A bank launched a savings account with a term condition and an annual interest rate of4.7%.
Some retail investors investing through pension accounts reportedly chose bond-mixed ETFs. In particular, one pension investor named the Samsung-Hynix bond-mixed ETF as their top pick. Separately, some AI-related stocks have recently posted sharp share-price gains.
Some investor funds appear to have shifted from certain large-cap stocks to space and robotics ETFs and high-interest savings accounts. News of the ETF and savings-account launches5has drawn market attention since mid-month. Details of each product’s composition and investment strategy can be found in disclosures.