India, Aug. 12 -- Korea Investment Management is launching an exchange-traded fund that invests in domestic strategic industries with global competitiveness, centered on semiconductors, and including shipbuilding, defense and nuclear power.

Bae Jae-kyu, president of Korea Investment Management, made the remarks at a seminar on the new ACE ETF listing on the Aug. 10th. "Investing is a function of direction and time," Bae said. "Even when investing in domestic stocks, portfolios should be built around strategic industries that have global competitiveness."

Korea Investment Management listed the ACE Semiconductor Plus Strategic Industry ETF on Aug. 11th, reflecting this investment philosophy. The product spreads investments across four cor...