'KODEX 200 Covered Call Active' ETF Surpasses KRW 200 Billion in Net Individual Purchases Within One Week of Listing

A Dynamic Option Strategy Leveraging Market Volatility

Tax-Exempt Capital Gains and Option Premiums

First Distribution Available for Purchases Made by July 29

Samsung Asset Management announced on July 22 that the KODEX 200 Covered Call Active Exchange-Traded Fund (ETF) surpassed KRW 200 billion in net individual purchases just one week after its launch.

According to Samsung Asset Management, the ETF, which was listed on July 14, has recorded a cumulative net individual purchase amount of KRW 245.1 billion.

KODEX 200 Covered Call Active is an evolved product of the KODEX 200 Target Weekly Covered Call, which is considered the flagship product in the domestic covered call market. While maintaining the strengths of KODEX 200 Target Weekly Covered Call, including domestic option premium tax benefits and a high dividend yield of 17.1% per annum over the past year, it seeks to deliver excess returns through an active investment strategy.

This ETF invests in leading industries and core companies in Korea, employing a flexible option-selling strategy. By focusing on market-leading stocks based on the KOSPI 200 index and using an active approach, the ETF aims to achieve returns that outperform its benchmark index. In addition, as amendments to the Commercial Act have encouraged more vigorous shareholder value enhancement activities among companies, the ETF selectively implements a strategy of investing in companies with excellent shareholder returns.

The fund's option management is also conducted flexibly, comprehensively considering market conditions. During bullish markets, the proportion of options sold is adjusted to maximize participation in rising stock prices, while in bearish or sideways markets, the fund focuses on securing option premium income to cushion the impact of market declines—a dynamic covered call strategy.

Income from domestic option premiums as well as capital gains from domestic stock trading are tax-exempt. Only dividends from stocks are subject to a 15.4% tax, which highlights the ETF's advantages in terms of tax benefits.

Ahyeon Song, manager at Samsung Asset Management, stated, "With the domestic stock market undervalued relative to earnings, a significant inflow of funds has come from savvy individual investors seeking to capitalize on market volatility as an income opportunity." She added, "KODEX 200 Covered Call Active combines profit momentum focused on market-leading stocks with a dynamic option strategy to simultaneously pursue excess returns over the benchmark index and end-of-month dividends."

Meanwhile, the record date for the ETF's first distribution has been set for July 31, 2026. Investors who purchase shares by July 29, two business days prior to the record date, will be eligible to receive the first distribution.

This content was produced with the assistance of AI translation services.