Samsung Asset Management's "KODEX ETF" Surpasses 200 Trillion Won in Net Assets... "No. 1 in Asia"
Doubled Net Asset Value in Just 226 Days
Captures Around 40% of the ETF Market Share
Becomes Top ETF Operator in Korea and Asia
The net asset value of Samsung Asset Management's "KODEX ETF" has surpassed 200 trillion won, marking the first time this milestone has been reached in Korea's asset management industry.
Samsung Asset Management announced on the 1st that as of May 29, the total net asset value of KODEX ETF stood at 201.4589 trillion won. This means the value has doubled in just 226 days since it crossed the 100 trillion won mark on October 15 last year. As a result, KODEX ETF has not only maintained its position as the number one ETF operator in Korea but has also become the top ETF operator in Asia (excluding Japan, according to ETFGI).
KODEX ETF comprises 236 products and holds about a 40% share of the domestic ETF market. By supplying a wide variety of products tailored to investors’ needs, all product categories have shown balanced growth. As the stock market has continued to hit record highs, there has been a surge in demand for domestic and U.S. major index ETFs, thematic ETFs, monthly dividend ETFs, and leveraged and inverse ETFs, leading to continued inflows of capital.
A representative from Samsung Asset Management explained, "The achievement of 200 trillion won in net assets is thanks to the steady choice of individual investors." Since the beginning of this year, individual investors purchased a total of 47.7 trillion won worth of ETFs, and about 20.6 trillion won, or 43%, was concentrated in KODEX ETF. In particular, KODEX 200, Korea’s first ETF, has attracted 2.5 trillion won in individual funds since the start of the year, ranking first in net purchases by individuals this year.
It is also analyzed that ETFs recommended under Samsung Asset Management’s investment keywords for the year—"Major·Dividend·Growth" (Major index·Monthly dividend, Semiconductors·Robotics, Power·Infrastructure)—have delivered excellent results. KODEX 200 posted a return of 122.9% since the start of the year, while KODEX Leverage recorded a return of 326.8%. KODEX AI Semiconductor TOP2 Plus, which was remodeled to focus on leading semiconductor stocks, achieved a return of 200.3%. Among the power series, KODEX AI Power Core Equipment returned 107.2%, and KODEX US AI Power Core Infrastructure showed a return of 56.4%.
Samsung Asset Management stated, "As a result of our efforts to provide optimal solutions that enable individual, foreign, and institutional investors to easily and quickly access investment opportunities at home and abroad, KODEX ETF has set the milestone of reaching 200 trillion won in net assets for the first time in Korea. We will continue to ensure thorough and safe management of listed ETFs, supply innovative products, contribute to the growth of personal assets, and support the advancement of Korea’s capital markets."
Hot Picks Today
"Samsung Electronics Eyes Special Dividend of Up to 125 Trillion Won"...Foreign Investors Shift from Common to Preferred Shares
- "Admitted to Years of Ingredient Deception"... China Shocked by Street Vendor Who Built a Million-Yuan Success Story
- When SK hynix Rose 1,200%, This Stock Soared 1,800%... Headed for 1.85 Million Won [Click e-Stock]
- "What About Those Who Paid 220,000 Won?"... Chinese Maotai Faces Major Setback and Plummeting Prices
Meanwhile, Samsung Asset Management will be holding a "KODEX ETF 200 Trillion Won Achievement Customer Appreciation Event." The event will run for three months from today until the end of August, with various events taking place simultaneously.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.