KODEX AI Power Core Equipment (487240) 🔎 In-depth
Samsung Asset Management · Equity · Korea · Sector · Industry · Price 2026-08-06 · Analysis 2026-07-14
An ETF that invests in the 'power equipment' companies that actually handle the rising electricity demand of the AI era. It gathers Korean companies that make the core gear going into data centers and the power grid, such as transformers, circuit breakers and cables.
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 | Excess |
|---|---|---|---|
| 1M | -8.46% | -8.45% | -0.01% |
| 3M | -43.37% | -43.58% | +0.22% |
| 6M | +22.50% | +22.00% | +0.50% |
| 1Y | +103.53% | +102.70% | +0.83% |
Returns are NAV-based (distributions not reinvested); the index is the provider's price index, and tracking error is the annualized standard deviation of daily NAV-minus-index return differences. Source: data.go.kr securities market-price API.
Fees & distributions
Fees prior fiscal year · Samsung Asset Mgmt official disclosure
Distributions
Distributions vary with fund performance; paying out more than income can reduce principal.
Understanding this ETF
It tracks the iSelect AI Power Core Equipment Index (a price return index). The index is built by selecting Korean companies tied to power infrastructure, where demand is rising from the expansion of AI data centers and the replacement of aging grids. In other words, it focuses not on 'companies that make AI directly' but on companies that make 'the equipment that carries the electricity so AI can run.'
It is a plain 1x ETF that actually reflects the share prices of the power-equipment companies it holds and tracks their combined path. With no multiplier applied, it rises as much as the index rises and falls as much as it falls. Because it invests in Korean stocks, there is no currency effect. That said, being a theme product concentrated in a small number of names, its swings can be larger than the broad market depending on the power-equipment industry cycle or large order news.
Concentrated investment in the clear growth theme of AI power infrastructure is both its strength and its risk. When the theme is cruising, it can rise more than the broad market-representative index, but because it is tilted toward a few names and a single theme, its drawdowns can also be larger if the industry cools or bad news hits a specific company. Power equipment is an industry where it takes time from winning an order to delivering, so its nature is that you also have to watch the gap between order backlog and when it actually shows up in earnings.
In 2026, as power bottlenecks came into focus with the expansion of AI data centers, orders at Korean power-equipment companies rose sharply. The three major players, Hyosung Heavy Industries, LS Electric and HD Hyundai Electric, each booked large new orders in the first quarter of 2026 alone, and with US aging-grid replacement demand added on top, exports to the US of items such as extra-high-voltage transformers also increased substantially. This trend forms the backdrop for the companies this ETF holds, but a point to weigh together is that expectations are already substantially reflected, so individual companies' share prices tend to be quite volatile.
In a nutshell, it is a product that pools investment into the electrical-equipment companies seen as the 'hidden beneficiaries' of the AI boom. To run AI you ultimately need electricity, so it is a theme ETF that bets on the companies making the transformers and cables that carry that electricity.
Composition
It is made up of Korean companies that make power equipment such as transformers, circuit breakers and cables, and it is a compact portfolio with few names. Leading power-equipment companies such as LS ELECTRIC and Hyosung Heavy Industries carry large weights, with the rest filled by cable and small- and mid-cap transformer companies. Because there are few names, it has a pronounced concentrated character in which the share prices of the top few companies strongly drive the whole ETF's path.
Classification
Notes & cautions
- As a theme product concentrated in a few names, the whole is strongly driven by the top companies' share prices, and its swings can be large relative to the market.
- Because it is concentrated in a specific growth theme, its drawdown can also be large if the industry slows, so it is worth examining alongside a diversification perspective.
ETF terms explained
Korea FSC securities market-price API (data.go.kr) · ETF classification & tagging: our own descriptive categorization
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