Samsung Management, is there a stock that contains more than Samsung? [신민경의 편드는 펀드]
Photo = Hankyung DB It seems that the leader of the robot has become clear this year. ‘Rainbow Robotics’, a venture company founded by researchers at the Humanoid Robot Research Center of the Korea Advanced Institute of Science and Technology (KAIST), is receiving the market’s attention with its steep rise. It has risen over 79% this year alone. The stock price on the last trading day last year was 34,450 won, but on the 18th of this month, the company closed the transaction at 61,700 won. Compared to the lowest price of the year recorded in May of last year (19,300 won), it jumped regarding 220%.
Robot stocks, including Rainbow Robotics, have received a lot of help from Samsung Electronics in boosting stock prices. If you look at what is the material when robot stocks soar, most of them were following news of the strengthening of the robot business by large companies such as Samsung Electronics and LG Electronics. Rainbow Robotics’ jump from the beginning of the year is also due to the influence of Samsung Electronics (KS:). On the 3rd, Rainbow Robotics announced that it had decided on a paid-in capital increase for a third party allocation of 58.982 billion won to Samsung Electronics to raise facility and operating funds.
But now Samsung is also benefiting from robot stocks, especially Rainbow Robotics. It is through the fund. In November of last year, Samsung Asset Management launched the first robot stock exchange fund (ETF) in the management industry that put domestic robot stocks in one basket. This ETF rose 12.55% from the beginning of this year to the 19th. This is a performance that more than doubles the increase rate (6.44%) during this period.
One interesting fact is that this robot ETF was not originally scheduled to include Rainbow Robotics. This product is an active ETF, so it follows the comparative index by 70%, but within the remaining 30% range, the asset management company’s fund manager can add and subtract stocks at the discretion of the fund manager to earn additional profits. Comparing the index developed by NH Investment & Securities, the original index company, with the current ‘KODEX K-Robot Active’, the stock composition is slightly different. Kakao was left out, and Rainbow Robotics and Doosan were newly added.
Jeong Dae-ho, manager of Samsung Active Asset Management’s management 2 team, said, “We predicted the growth potential of Rainbow Robotics and added it at our discretion.” It was because I thought it was more competitive,” he explained.
If you take a good look at the asset composition (Portfolio Deposit File PDF) of ‘KODEX K-Robot Active’, you can find another interesting thing. There was a time when Rainbow Robotics contained more than Kookmin Ju Samsung Electronics. Samsung has more small and mid-cap stocks than Samsung, so it is not common in general ETFs to organize weights in order of market capitalization. For reference, PDF, which we commonly know as ‘extension’, has a different meaning in the ETF market. A portfolio that shows the history of what stocks the ETF contains. It is characterized by the fact that the list and proportion of each item are disclosed daily.
Even when this ETF was first listed on November 15 last year, Rainbow Robotics was included in the 13th weight among all stocks. The top five stocks, Samsung Electronics, LG Electronics, LG Innotek, Naver (KS:), and Doosan accounted for regarding 40%. However, this year, Rainbow Robotics’ ranking has gradually risen, and on the 17th, it is listed as the largest stock in the PDF with a weight of 9.58%. Samsung Electronics (9.45%) is also ahead. Since then, on the 18th and 19th, it has been listed in the third order following Samsung Electronics and LG Electronics, solidifying its position as a key item in this ETF. Rainbow Robotics’ humanoid robot ‘HUBO’. Photo = Hankyung DB As for Samsung Asset Management, it would be a ‘caught’ situation. Even if you had a good look at Rainbow Robotics, you wouldn’t have known that it would skyrocket this far. Samsung Asset Management, on the contrary, has recently reduced the portion of Rainbow Robotics. Since the stock price rises so steeply, in order to meet the 10% rule, there is no choice but to adjust the number of stocks. Unlike passive ETFs, active ETFs have a weight limit of 10% per stock. Therefore, fund managers at Samsung Active Management reduced the number of shares (number of contracts) from 823 to 691 at the time of listing to balance the stock.
Robot stocks and robot ETFs, which have already risen a lot, what regarding the future? Stock market is optimistic.
Kim Doo-hyun, a researcher at Hana Securities, said, “Considering the trend of automation of production lines in the US following the US-China war for supremacy and the increasing demand for collaborative robots due to low birth rates and aging, I believe that the robot industry is no longer a short-term theme.” From the pledge, it was announced that it would foster fields such as AI semiconductors and robots, so it is expected that it will stand out even more in the current administration.” “It is also positive that Samsung Electronics and LG Electronics are predicting and making aggressive investments,” he added.
He said, “For the market to grow, the first step is to increase production capacity (CAPA) and invest in research and development (R&D), and in the next stage, the performance season will be covered.” “The current robot market still needs to increase production capacity. It is the section where we do it. It is not too late to look at the visible performance from around next year.”
Some even come out with prudence. Lee Jae-wook, manager of Meritz Securities Daegu Center 1 branch, said, “Korea’s large corporations are investing as future food, and it is a sector with clear future growth potential, but it is also true that some stocks, including Rainbow Robotics, have risen sharply compared to their performance.” If the stocks have surged, it seems good to prepare for the next cycle by continuing to study, focusing on companies with unrivaled technology, whether they received investment from large companies or improved performance while going through period adjustments.”
Shin Min-kyung, Hankyung.com reporter [email protected]
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