Minor ETF Investors Surpass 300,000 in South Korea: Trends and Drivers
The number of minors investing in exchange-traded funds (ETFs) through South Korea’s five leading securities firms exceeded 300,000 as of late April 2023, marking an increase of 37.3% from the previous year. The most popular ETF among these investors is 'TIGER US S&P500,' which tracks the S&P 500 index, with minors holding an evaluated total of over KRW 231.9 billion—a 45.4% rise from the previous year.
This surge is attributed to strong performances in both US and Korean stock markets, which have attracted a new generation of investors to ETFs. Young investors and their guardians are pursuing ETFs not only for asset growth but also as a tool for diversified long-term investment and financial education. Notably, the number of stock accounts for children under the age of nine has increased sharply, showing that ETF investing is spreading rapidly among even the youngest demographics. This trend reflects a combination of parental asset-building strategies, shifting perceptions towards long-term investing, and the inherent stability of ETFs.
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