Riding the "ETF Boom": FNGuide Achieves Record-Breaking Q2 Performance, Momentum Expected Into Q3 [Click e-Stock]

Eugene Investment & Securities stated on July 23 that FNGuide achieved its highest-ever quarterly results in the second quarter, driven by the expansion of the Exchange-Traded Fund (ETF) market, and assessed that the trend of record-breaking performance is expected to continue into the third quarter.

Jongseon Park, a researcher at Eugene Investment & Securities, said in a report released on this day, "FNGuide's consolidated sales for the second quarter of this year reached 14.9 billion won, a 96.3% increase year-on-year, and operating profit jumped 281.2% to 7.9 billion won." He added, "The company surpassed 14 billion won in quarterly sales for the first time and achieved both the highest ever operating profit and the highest operating margin (52.7%)."

In particular, index segment sales surged by 297.5% year-on-year in the second quarter, leading the company's rapid growth in performance, thanks to the expansion of the ETF market. Park pointed out, "Amid a significant increase in domestic ETF net assets, FNGuide's market share also rose, causing its Assets Under Management (AUM) to soar from 22 trillion won in the second quarter of last year to about 78 trillion won in the second quarter of this year." He added, "The proportion of revenue from the highly profitable index segment expanded to 57.9%, resulting in a substantial improvement in overall profitability."

The outlook for FNGuide's third quarter performance is also positive. Park forecasted, "Consolidated sales for the third quarter are expected to reach 15.8 billion won, up 88.1% year-on-year, and operating profit will be 8.3 billion won, up 207.3%, both setting new quarterly records." He analyzed, "Performance growth will be led by higher market share centered on thematic ETF products and increased sales from financial information services due to growing interest from international investors in domestic companies."

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