Growth of the Domestic ETF Market and Major Asset Managers' Performance
The domestic Exchange Traded Fund (ETF) market has surged, surpassing a record-high net asset value of 250 trillion KRW. This phenomenon is attributed to robust rallies in both domestic and international stock markets, rising commodity prices, and a widening investor base. Timefolio Asset Management, in particular, demonstrated noteworthy performance with a 190% increase compared to the previous year. Utilizing their hedge fund management experience, Timefolio excelled in the active ETF segment, achieving significant excess returns.
Samsung Asset Management solidified its position as the leading domestic asset manager, with its Assets Under Management (AUM) growing by 22 trillion KRW in the third quarter. Its ETF AUM saw a 17.06% increase, reaching 95.1675 trillion KRW, potentially crossing the 100 trillion KRW mark soon. Mirae Asset Global Investments also reported a robust AUM of 242 trillion KRW, with a 16.56% rise in its ETF AUM. Meanwhile, in the public offering fund market, 'Daol VIP Star Selection' and 'Korean Investment Tech' funds delivered outstanding performances with returns of 35.95% and 30.38%, respectively.
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A Rise as 'National Investment Tool'…ETF Net Assets Surpass 250 Trillion - Seoul EconomySecurities > Domestic Stock Market News: For the first time, the total net assets of domestic exchange-traded funds (ETFs) have surpassed 250 trillion won. This is due to rallies in domestic and international stock markets, rising commodity prices, and the broadening of the investor base...
Timefolio's Surge, Achieves 8th in ETF Net Assets...1st in Growth Rate Among All Asset Managers - Financial NewsAs competition in the domestic ETF market intensifies, Timefolio Asset Management is gaining industry attention with outstanding performance. Timefolio's active ETFs aim to achieve excess returns compared to benchmark indices while also providing a certain level of stability to investors. Particularly, Timefolio in the US...
Samsung nearing 100 trillion KRW in ETF assets ... '16 Products' Timefolio Proliferation - Korea Economic DailySamsung nearing 100 trillion KRW in ETF assets ... 16 products Timefolio proliferation, Samsung's asset management increased by 22 trillion KRW, second place Mirae Asset ... Operating 242 trillion KRW, followed by KB, Shinhan, Hanwha, and Korea Investment. Public offering funds, value investment funds top Daol VIP Star, Korea Investment Tech offers a 30% return on the KOSPI by three times in the third-quarter asset manager league table.