[Edaily Reporter Kim Kyung-eun] #As Hyundai Motor emerges as a beneficiary of physical artificial intelligence (AI), new listings of exchange-traded funds (ETFs) centered on this theme are following one after another. This is interpreted as a move to preemptively reflect the potential for future inclusion in ETFs, amid growing anticipation for the initial public offering (IPO) of Boston Dynamics (BD), the robotics subsidiary of the Hyundai Motor Group.

According to the financial investment industry on the 2nd, Samsung Asset Management plans to list the “KODEX Hyundai Motor Robotics Value Chain TOP 3 Plus” on the 9th. This product focuses on investing in companies within the Hyundai Motor Group’s value chain that are expected to benefit from the robotics industry. It allocates up to 75% of its portfolio to core affiliates Hyundai Motor, #Kia, and #Hyundai Mobis.

This product is designed to capture growth opportunities across the entire robotics ecosystem by leveraging Hyundai Motor and Kia’s ability to secure robotics data through their global manufacturing infrastructure, Hyundai Mobis’ competitiveness in supplying core components, and the group’s vertical integration strategy. It also includes key affiliates in the robotics value chain such as #HyundaiAutoEver, #HyundaiGlovis, and #HyundaiWia.

Samsung Asset Management noted that the Hyundai Motor Group is rapidly evolving into a global leader in the fields of physical AI and robotics. In particular, the fund is designed to allow for a special allocation of up to 25% in the event of a future IPO by Boston Dynamics, setting it apart from previously launched Hyundai Motor-related ETFs.

In contrast, Mirae Asset Management’s “TIGER Hyundai Motor Group Plus,” listed in 2011, is a domestic equity ETF structured in a way that, in principle, does not allow for the inclusion of overseas robotics companies. This ETF includes a large number of HD Hyundai Group affiliates, such as Hyundai Motor Group, HD Construction Equipment, HD Korea Shipbuilding & Offshore Engineering, and HD Hyundai Heavy Industries.

KB Asset Management also newly listed the “RISE Hyundai Motor Fixed Physical AI” last month, which focuses on investing in Hyundai Motor Group and its key partners. While centered on the Hyundai Motor Group, the fund is characterized by a diversified portfolio that includes companies with high relevance to physical AI, such as LG Innotek (16.02% weighting), Rainbow Robotics (6.79%), LG CNS (6.20%), and Doosan Robotics (3.59%). Hyundai Motor is allocated a fixed 25% weighting, while the maximum weighting for the remaining stocks is capped at 15% to mitigate concentration risk.

The launch of ETFs combining Hyundai Motor with other assets is also continuing. Woori Asset Management newly listed the “WON Samsung Electronics-Hyundai Motor Bond Mixed 50” ETF on the same day, which holds Hyundai Motor and Samsung Electronics at 25% each and allocates the remaining 50% to short-term bonds. Hana Asset Management is also preparing to list the “1Q Hyundai Motor-Kia Bond Mixed 50” ETF, which holds Hyundai Motor and Kia at 50% each and bonds at 50%.

Industry observers expect this trend of listing related ETFs to continue as Hyundai Motor attracts market attention as a leading player in physical AI. In particular, analysts suggest that the possibility of a Boston Dynamics IPO could stimulate the expansion of the Hyundai Motor ETF market, much like how aerospace ETFs were launched in succession ahead of the recent SpaceX IPO.

Choi Hong-seok, Head of the ETF Solutions Division at Woori Asset Management, “The recent trend in AI investment is moving beyond the AI infrastructure cycle centered on data centers and graphics processing units (GPUs) and entering a phase where it is being implemented through physical devices such as automobiles and robots,” he said. “In particular, following its acquisition of Boston Dynamics, Hyundai Motor is seeking to transform itself from a mere automaker into a global physical AI platform and is widely regarded as possessing overwhelming competitiveness in the field of industrial-grade humanoids.”