Korea Investment Management said on Tuesday that net assets of its ACE Global Semiconductor TOP4 Plus exchange-traded fund (ETF) have surpassed 1 trillion won.

According to the Korea Exchange, the ETF's net assets were tallied at 1.0027 trillion won as of the close on Feb. 20.

After exceeding 800 billion won in net assets on Jan. 14, it reached more than 900 billion won within two weeks and grew to 1 trillion won in just 15 days.

Rather than holding a broad range across the semiconductor sector, the product divides the industry into four sub-sectors and focuses on representative companies in each area.

Major holdings include Nvidia (system semiconductors), SK Hynix (memory semiconductors), TSMC (foundry) and ASML (semiconductor equipment). As of Feb. 25, the holding with the largest weighting is SK Hynix at 23.33 percent.

According to fund evaluator FnGuide, the product's cumulative return is 523.02 percent. The cumulative returns over the past year and three years are 131.88 percent and 441.9 percent, respectively.

Over the past month, retail investors net bought about 37.7 billion won of the ETF. Over the past year, net retail inflows total more than 141.3 billion won.

Nam Yong-su (남용수), head of the ETF management division at Korea Investment Management, said the ACE Global Semiconductor TOP4 Plus ETF is a product that covers the entire semiconductor production process from design to production, equipment and key components. He added that the importance of semiconductors, which will lead innovation in AI technology, is expected to increase further.