Germany-based index provider Solactive has partnered with Korea’s KB Asset Management with the launch of the KB KBSTAR Berkshire Portfolio TOP10 ETF.
This ETF aims to mirror the performance of the Solactive Berkshire Portfolio Top10 Index, marking another collaboration between the two companies following the recent debut of the KBSTAR Global Realty Income ETF.
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The Solactive Berkshire Portfolio Top10 Index gives investors exposure to the Berkshire Hathaway stock and the top 10 US equity holdings of Berkshire Hathaway.
According to the firm, these holdings are selected based on quarterly 13F filings and weighted according to the market value of each stock, aligning with the investment principles of legendary investor Warren Buffett. By emulating Buffett’s portfolio, the index aims to offer retail clients comparable insights and exposure to attractive stocks with strong fundamentals.
Timo Pfeiffer, chief markets officer at Solactive, commented: “The Solactive Berkshire Portfolio Top10 Index provides exposure to a diverse portfolio, granting investors comprehensive Berkshire-styled investment opportunities across various industries. We look forward to further enhancing our partnership through innovative products that benefit investors.”
Listed on the Korean Stock Exchange today, the ETF provides investors access to a diversified portfolio spanning industries such as insurance, utilities, energy and consumer goods.
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Soojin Lee, head of ETF product division at KB Asset Management, said: “In a second collaboration with Solactive, we are pleased to bring Warren Buffett’s value investing track record, which was built over many years of experience in various financial markets, to Korean investors in the form of an ETF. We believe that this product will make it easier for domestic investors to access Berkshire Hathaway’s proven track record and diversified portfolio at a lower cost.”
