Analysis of Asset Management Growth and the Impact of the ETF Market
According to 2024 data from the Financial Supervisory Service, the assets under management by domestic asset management firms reached an all-time high of 1,656.4 trillion won. This growth is largely attributed to the rapid expansion of the ETF market and the performance of public offering funds. Public offering funds increased by 83.2 trillion won compared to the previous year, providing a positive impact on the profitability of asset management firms.
Fee income for asset management companies also rose to 1.8099 trillion won, serving as a major factor for the expansion in assets under management. Notably, increases in fund and discretionary advisory fees have supported this growth. However, the proportion of companies operating at a loss increased by 4.5 percentage points, with 42.7% of all firms reporting losses.
The Financial Supervisory Service anticipates continued growth in the ETF and fund markets and highlights the need for preparedness against market volatility. This growth is attributed to the performance of various investment products, including equity, bond, and derivative funds.
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