Hana Asset Management is launching an exchange-traded fund that assigns Nvidia a weighting of about 25% and concentrates its holdings in 10 core U.S. artificial intelligence semiconductor companies.
The firm said on the 19th that the 1Q Nvidia-Fixed U.S. AI Semiconductor ETF — "1Q" being Hana Asset Management's ETF brand name, not a reference to the first quarter — will be newly listed on the main board of the Korea Exchange on the 20th. The product tracks the iSelect Nvidia-Fixed U.S. AI Semiconductor Index and invests in 10 AI chip-related stocks listed on U.S. exchanges.
The ETF sets Nvidia's weighting at 25% at each scheduled rebalancing of the underlying index, with the actual weighting subject to change afterward in line with share price movements. Beyond Nvidia, its main holdings include TSMC, the world's largest foundry, along with Broadcom, AMD, Micron and Intel.
The investment scope extends across the semiconductor supply chain that makes up AI data centers. Holdings include Nvidia and AMD in graphics processing units (GPUs), Intel, Arm and Qualcomm in central processing units (CPUs), Micron and SanDisk in memory and storage, and Broadcom and Marvell in networking.
The company said the fund is more concentrated in AI chip companies than the Philadelphia Semiconductor Index (SOX). While the SOX comprises 30 stocks including analog, automotive and industrial chipmakers, the ETF focuses on only 10 stocks closely tied to the AI semiconductor industry.
Hana Asset Management also pointed to shifting chip demand as agentic AI spreads. Inference, which handles computation during actual service delivery rather than simply model training, is growing in importance, the firm said. On that basis, it expects demand to broaden beyond GPUs to CPUs, memory and networking chips.
"AI semiconductors are one of the most important components in data centers, the core infrastructure of the AI era," Hana Asset Management CEO Kim Tae-woo said. "With this ETF launch, we have broadened the options available for investing in the medium- to long-term growth of the U.S. AI semiconductor industry, including through retirement accounts."