ACE US Nasdaq 100 (367380) 🔎 In-depth
Korea Investment Management · Equity · United States · Broad market · Price 2026-08-06 · Analysis 2026-07-14
This is a US equity ETF managed by Korea Investment Management (ACE) that tracks the Nasdaq 100 Index, a basket of the 100 leading companies on the US Nasdaq market. Because large US technology names such as Apple, Microsoft, Nvidia and Amazon sit at its core, a single holding gives broad exposure to US Big Tech. It listed on October 29, 2020, and, since it is not FX-hedged, movements in the won-dollar exchange rate are reflected in returns as well.
This page organises public pricing and fund data for information purposes. It is not a recommendation to buy or sell, nor investment advice. Fees and distributions follow the manager's official disclosures and may change. Please verify with the fund manager's own materials and decide at your own responsibility.
Price as of 2026-08-06 close
USD values (market cap, AUM, turnover) are converted from KRW at ₩1,423.5 per US$ (2026-08-07); won figures are as reported. Market cap is listed units × market price, while AUM is the fund's net asset value — the two are close but not identical.
Returns & tracking as of 2026-08-06
| Period | ETF (NAV) | Index |
|---|---|---|
| 1M | -7.62% | +0.69% |
| 3M | +0.89% | +2.83% |
| 6M | +14.69% | +19.65% |
| 1Y | +30.93% | +25.98% |
| 3Y | +108.63% | +90.64% |
The ETF is priced in KRW NAV while the index is the provider's local-currency price index; currency moves can separate the two, so excess return and tracking error are not shown. Source: data.go.kr securities market-price API.
Fees & distributions
Fees prior fiscal year · Korea Investment Mgmt official disclosure
Distributions Source: Korea Investment Mgmt distribution notice·KRX
Distributions vary with fund performance; paying out more than income can reduce principal.
Understanding this ETF
The benchmark index is the Nasdaq 100 (NASDAQ 100). It is made up of the 100 largest and most actively traded companies listed on the US Nasdaq market, excluding financial firms. Growth companies in technology, communications and consumer sectors dominate, which is why it is widely used as a benchmark for high-quality US growth stocks. The ETF follows the index using full physical replication, actually buying and holding those 100 constituents.
The ETF's price is driven mainly by two things. The first is the share prices of the US technology names in the Nasdaq 100, and the second is the won-dollar exchange rate. Because it is an FX-exposed product with no hedge, even when the index rises a stronger won (weaker dollar) can trim part of the gain, while a stronger dollar can add a currency gain even if the index is flat. In other words, when US stock prices and the exchange rate rise together the return grows, and when they diverge they can offset each other. It is not a leveraged product; it tracks the index at 1x.
It is often used as a core holding for participating in the long-term growth of US growth stocks, but it carries the two-sided nature of heavy concentration in a few mega-caps. When Big Tech is doing well it can outpace the broad market, yet when technology stocks wobble the drawdown can also be larger. On top of this comes the currency variable: even if the US market is strong, a sharp appreciation of the won can reduce the return measured in won. It is best approached with an understanding that its technology concentration is higher than an S&P 500-type fund that holds the entire US market.
As of the most recent date (2026-07-13) the closing price was ₩31,850 down a modest -0.40% on the day. Assets under management (AUM) were about ₩3.5 trillion, and NAV (net asset value per share) was about ₩31,938. Around this time the Nasdaq 100 benchmark was trading in the upper part of its 52-week range amid expectations of expanding AI investment, and the attention that had been driving the index broadened from Nvidia alone to other Big Tech names such as Apple and Alphabet. Whether the large-scale AI investment actually translates into earnings, however, is cited as a variable that will shape the direction ahead.
In short, this product holds 100 US Big Tech names such as Apple, Nvidia and Microsoft all at once. It gives broad exposure to US growth stocks, but it is concentrated in a handful of mega-cap technology names, so it moves sharply along with them, and because there is no FX hedge, the won-dollar exchange rate also affects returns.
Composition
By the nature of the index, weight is concentrated in a few mega-cap technology names. The top 10 so-called Big Tech names such as Apple, Microsoft, Nvidia, Amazon and Alphabet make up around half of the index (generally in the high 40% range), so their ups and downs largely determine overall performance. By sector, IT, software, semiconductors and internet services are overwhelmingly dominant, while financial stocks are excluded entirely under the index rules. As such, the composition is concentrated on the trends of the US technology industry, and it has a much more distinct character than a broad whole-market index spread evenly across sectors.
Classification
Notes & cautions
- Because it is an FX-exposed product with no hedge, movements in the won-dollar exchange rate can add to or subtract from won-based returns independently of how the US market moves.
- A handful of top technology names account for around half of the index, so the moves of specific large-caps are heavily reflected in overall performance.
- Financial stocks are excluded under the index rules, so the sector composition differs from an index that holds the entire US market.
ETF terms explained
Korea FSC securities market-price API (data.go.kr) · ETF classification & tagging: our own descriptive categorization
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