Samsung Asset's KODEX ETF surpasses $43 bn in net assets

It introduced diverse products including Samsung Group and the secondary battery industry contributed to brisk ETF growth

Samsung Asset's KODEX ETF surpasses bn in net assets
Ye-Jin Jun 1
2024-07-08 13:07:38 ace@hankyung.com
Banking & Finance

South Korea's Samsung Asset Management announced on Monday that the net assets of its KODEX exchange-traded fund (ETF) have surpassed 60 trillion won ($43.5 billion).

This milestone comes after the fund exceeded 50 trillion won in net assets last January, marking an increase of approximately 11.5 trillion won in just five months.

KODEX, Samsung's brand of ETFs, tracks diverse indices and sectors, offering investors a convenient way to access various markets and industries.

KODEX ETFs cover a range of sectors, including interest rates, bonds, domestic indices, US indices, the Samsung Group, and the secondary battery industry.

This year, the company introduced products based on assets such as obesity treatments, artificial intelligence (AI) technology, India, real estate investment trusts (REITs), and 30-year US Treasury bonds.

The net assets of the 11 KODEX ETF products launched this year are approaching 3 trillion won.

Samsung Asset noted that the growth in KODEX ETFs is partly due to the increasing number of investors in overseas stocks.

Notable products include total return (TR) ETFs, which reinvest dividends into major US indices, and monthly dividend products.

The net assets of KODEX ETFs in overseas stocks have increased by 79% compared to last year.

Write to Ye-Jin Jun at ace@hankyung.com
##Samsung Asset Management KODEX ETF ##Samsung Asset Management ##KODEX- ETF

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