ACE 200 (105190) 🔎 In-depth

Its benchmark index is the "KOSPI 200." The KOSPI 200 is an index made up of 200 representative names selected from stocks listed on the KOSPI market for their large market capitalization (the market value of all a company's shares) and active trading, and it is calculated by the Korea Exchange (KRX). Because it is a "market-cap weighted" index in which larger companies carry larger weights, the share-price moves of bigger companies are reflected more strongly in the index. This ETF tracks the index through "physical replication," actually buying and holding those 200 stocks at the same weights as the index.

As a plain (1x) product rather than leveraged or inverse, when the KOSPI 200 rises 1% on a day this ETF generally rises about 1% as well, and when the index falls it falls in the same direction. It does not amplify the multiple or flip the direction; it simply tracks the index as it is. However, because it has a high weight in large-cap chip stocks, when the share prices of Samsung Electronics and SK Hynix swing sharply, the felt volatility can be greater than that of the index as a whole. Being a domestic asset, it is not affected by exchange-rate moves.

This is a "market-representative (core)" ETF that captures the whole Korean stock market's trend in one holding. Its strengths are broad diversification across large-cap blue chips without the burden of picking individual stocks, and a relatively low expense ratio (management fee), which keeps the cost of long-term holding small. That said, in substance it is closer to a "large-cap, semiconductor-concentrated" mix with a high weight in large-cap chip stocks than to "safe diversification," so if the chip cycle turns, the whole index can be shaken together. Since products tracking the same KOSPI 200 are offered by several managers, you can choose by comparing expense ratios, trading convenience and the like.

As of the July 13, 2026 close, its price was ₩109,000 and its NAV (net asset value) was ₩108,792; with the close and NAV nearly aligned, the market price is well matched to the actual asset value. Its move that day was -10.1%, a large decline along with the KOSPI 200's correction. Its AUM (net assets) was about ₩1.78 trillion and its market capitalization about ₩1.79 trillion.

In a word, it is a "low-cost basket that holds Korea's 200 flagship large caps at once." It rises when the KOSPI 200 rises and falls when it falls; you just need to know that in reality it has a high weight in large-cap chip stocks such as Samsung Electronics and SK Hynix, so it is heavily driven by chip share prices.