| Kiwoom Asset Management launches KIWOOM KOSEF US Quantum Computing ETF, tracking Solactive U.S. Quantum Computing Index
December 17, 2024--Solactive is pleased to announce a further collaboration with Kiwoom Asset Management. The South Korean issuer is launching the KIWOOM KOSEF US Quantum Computing ETF that tracks the Solactive U.S. Quantum Computing Index. The product aims to provide investors with focused exposure to the quantum computing value chain, including infrastructure, software, cryptography, and artificial intelligence applications. |
| Quantum computing, with its unparalleled potential to solve complex problems exponentially faster than traditional computers, it is becoming a game-changer for a wide range of industries, from drug discovery to financial modeling. Recent breakthroughs in quantum chip development such as improved accuracy and qubit stability have enabled the development of more reliable and practical quantum computing applications, further driving the growth of this sector. The U.S. government has recognized the strategic importance of quantum computing, with a proposed US$2.5 billion funding from the advanced DOE Quantum Leadership Act of 2024 to boost U.S. quantum research and development.[1] The quantum computer hardware market is forecasted to surpass US$10 billion by 2045 with a CAGR of 30%[2], which represents a skyrocketing demand for quantum computing hardware, as well as significant growth opportunities for investors looking to capitalize on the potential of this sector and its broader value chain. |
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