Battery ETFs among top performers this month: market data
Exchange-traded funds (ETFs) tracking secondary battery companies were among the top performers in the South Korean stock market this month, data showed Friday, as investors bet on the industry amid expectations of rising demand from artificial intelligence (AI) data centers. According to data compiled by the Korea Exchange (KRX), the main bourse operator, eight of the 10 best-performing listed…
Secondary battery-focused exchange-traded funds (ETFs) led the gains in the South Korean market this month, according to data released Friday by the Korea Exchange (KRX), the country's primary stock exchange. Eight of the top ten best-performing listed ETFs this month were tied to the secondary battery industry, with the KODEX Secondary Battery Industry Leverage ETF, managed by Samsung Asset Management Co., reporting the highest return at 19.94 percent through Thursday.
TIGER KRX Second Battery Top10 Leverage ETF, managed by Mirae Asset Global Investments Co., followed with a 18.45 percent gain. Market analysts speculate that the surge in battery-related ETFs is a result of the anticipated benefits from the artificial intelligence (AI) industry boom on the energy storage system (ESS) segment. Analyst Kim Gwi-yeon predicts that the order momentum towards the end of the year will lead to share price momentum next year, driven by improved sales and profitability of ESS businesses.
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- Battery ETFs among top performers this month: market data en.yna.co.kr
- Battery ETFs among top performers this month: market data koreatimes.co.kr
