Korea Investment Management’s ACE ETF tops 7.01% in market share

Korea Investment Management Co.’s ACE CI

Korea Investment Management Co.’s ACE exchange-traded fund (ETF) has surpassed 7 percent market share for the first time.

According to financial industry sources on Sunday, the ACE ETF’s market share was 7.01 percent as of Thursday, the first time Korea Investment Management‘s ETF market share has exceeded 7 percent.

The rise in market share has intensified the competition for third place in the ETF market. KB Asset Management, currently ranked third, holds 7.79 percent of the market, just 0.78 percentage points ahead of Korea Investment Management. Korea Investment Management has been the fastest among major asset managers in expanding its ETF market share in 2024 to date, gaining 2.12 percentage points in the past eight months from 4.89 percent at the end of 2023.

For their part, the top two players in the ETF market, Samsung Asset Management and Mirae Asset Global Investments Co., lost 1.46 percent and 1.32 percent respectively over the same period.