Korea Exchange to Launch Value Up Fund and ETFs
The Korea Exchange plans to create a Value Up Fund worth 200 billion KRW and introduce 12 exchange-traded fund (ETF) listings. The fund will invest based on the Value Up index, aiming to encourage voluntary corporate participation and address the so-called 'Korea discount'. The initiative is supported through partnerships with financial entities like Korea Securities Finance, Korea Securities Depository, and Korea Financial Investment Association, alongside Koscom, focusing on enhancing liquidity, with 20 securities firms participating to boost supply.
Korea Investment Management is set to list the ACE Korea Value Up ETF on November 4. This ETF will track major securities such as Samsung Electronics and SK Hynix along with various KOSDAQ components. As part of a lineup of value-enhancing investment ETFs, the upcoming listing is expected to provide investors with diverse options for capital appreciation.
Meanwhile, with global market instability and geopolitical risks pushing the KRW/USD exchange rate close to 1400, a continued dollar strength is anticipated. This has heightened interest in ETFs that invest in dollar futures, with a reported return of over 6% last month. Domestically, leveraged products have shown a 12% return over the last month, indicating growing interest among retail investors.
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