New Landscape of the ETF Market: Leverage Introduction and Samsung's Success
Samsung Asset Management has recently achieved a market share of 39.89% in the ETF market, widening its gap over Mirae Asset Management by 8.05 percentage points. Notably, 'KODEX 200' has risen to become the top ETF by net assets, reinforcing Samsung's market position. The industry is keenly observing the potential introduction of single-stock leveraged ETFs, which could intensify market competition.
Meanwhile, a new double-leverage ETF tracking the returns of Samsung Electronics and SK Hynix is set to be introduced to the domestic stock market. This could propel the total ETF net assets to reach 500 trillion won. However, there are growing concerns about the widening gap between large and small asset management firms. Smaller firms have expressed criticism over the exclusive allowance for leveraged ETFs centered around specific large stocks, suggesting a careful approach is needed.
The government plans to roll out the double-leverage ETFs aimed at single stocks by June. This action is intended to curb excessive competition and speculative behavior by applying the 'one management firm, one ETF' policy to select blue-chip stocks. While this could vitalize the domestic ETF market, concerns about increasing polarization remain. The balance in fund management between large and small firms will become increasingly crucial.
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Catalyst Accelerating ETF Net Assets to 400 Trillion... Concerns Over Increasing Focus on Large-Cap Stocks - Seoul EconomyWith the introduction of ETFs in Korea that double the returns of leading individual stocks like Samsung Electronics and SK Hynix, which dominate the domestic stock market, it is expected that the era of 'ETF net assets of 500 trillion won' will come faster due to the stock market boom. These two major semiconductor stocks have already achieved their maximum this year.
'Double ETF' Only Available for Samsung, SK Hynix, Hyundai Motors - Seoul Economic DailyThe government has decided to allow only certain high-quality stocks such as Samsung Electronics, SK Hynix, and Hyundai Motors for a single-stock double leverage exchange-traded fund (ETF) to be listed on the domestic stock market in the first half of the year, adhering to the 'one asset manager, one ETF' principle. Considering the high volatility characteristic of leverage, they have focused on top large-cap stocks in terms of market capitalization.
Samsung Asset Management Maintains Lead in 'Bull Market', Widens Gap with Mirae Asset - Metro NewspaperSamsung Asset Management has widened its market share gap with Mirae Asset Management in the ETF market, solidifying its position at the top. By strengthening its dominance in domestic equity ETFs, Samsung Asset Management is expanding its lead. According to the Korea Exchange, as of the 10th, Samsung Asset Management...
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