Samsung Asset Management's 'KODEX US Nasdaq 100' Surpasses 10 Trillion Won in Net Assets
Fastest among peers to surpass 10 trillion won
Individual investors' net purchases hit 3.3 trillion won this year, ranking first among peers
Samsung Asset Management said on October 15 that the net assets of its KODEX US Nasdaq 100 exchange-traded fund (ETF) had surpassed 10 trillion won.
The fund crossed the 10 trillion won mark about five years and six months after its listing in April 2021. This is the shortest time on record among all Nasdaq-100-tracking ETFs listed in South Korea.
The Nasdaq-100, one of the leading U.S. indexes, comprises 100 major companies at the forefront of the global artificial intelligence (AI) and technology industries, including Nvidia, Apple, Microsoft, Broadcom, Amazon and Google. ETFs tracking this index offer an easy, low-cost way to invest in a diversified portfolio of global innovators, and have become a core asset for long-term regular investing and retirement accounts among individual investors.
The fund’s growth accelerated this year as it attracted substantial inflows from individual investors. Net purchases by individual investors in KODEX US Nasdaq 100 reached 3.2988 trillion won this year, the highest among products tracking the Nasdaq-100 listed in South Korea.
The product has also delivered returns of 11.78% year to date, 50.04% over two years and 102.18% over three years, consistently ranking among the top performers in its category over longer periods and demonstrating its competitiveness. Its tracking error, a key measure of fund management performance, has also remained low.
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“KODEX US Nasdaq 100, chosen by individual investors as a reliable partner in building long-term wealth, has reached a significant milestone of 10 trillion won in net assets,” said Lim Taehyuk, head of the ETF Management Division at Samsung Asset Management. “This achievement reflects our customers’ confidence in Samsung Asset Management’s capabilities, demonstrated through meticulous tracking error management and long-term performance. We will continue to manage the fund steadily and efficiently.”
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