Four New ETFs Including 'RISE SamsungSK Group' to Be Listed on the 22nd
The Korea Exchange announced on September 18 that it will list four Exchange-Traded Funds (ETFs) from KB Asset Management, Kyobo AXA Asset Management, Mirae Asset Global Investments, and IBK Asset Management on the KOSPI market on September 22.
KB Asset Management's 'RISE SamsungSK Group' is a passive product that invests in the top 10 listed companies by free-float market capitalization within the Samsung and SK Group universes.
Kyobo AXA Asset Management's 'Power SK Group' is a passive ETF that invests in listed companies of the SK Group.
Mirae Asset Global Investments' 'TIGER Hyundai Motor Company LG Electronics Fixed Physical AI Value Chain' is a passive ETF that invests equally in Hyundai Motor Company and LG Electronics (25% each), as well as domestic and international companies related to physical artificial intelligence (AI).
'IBK Korea-US Top Companies TOP2+Bond Mix 50 Active' is an active product that seeks excess returns by equally investing in the largest market-cap companies in Korea and the United States together with Monetary Stabilization Bonds (in a 5:5 ratio), while additionally including some other stocks.
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The price per share for each of these ETFs is 10,000 won.
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