Name Change and Fee Reduction of HANARO High Dividend ETF
NH-Amundi Asset Management has changed the name of 'HANARO High Dividend' ETF to 'HANARO K High Dividend' while reducing its total fees from 0.25% to 0.07%. This reduction positions it as having one of the lowest fees among domestic equity high-dividend ETFs, significantly easing the financial burden on investors. The ETF is based on the FnGuide K High Dividend Index, comprising companies listed on the KOSPI and KOSDAQ that have consistently paid dividends for over three years without reductions.
The fee reduction is expected to make long-term investing more attractive. The continuous increase in annual distributions, owing to its composition of high dividend yield companies, is noteworthy. This is particularly beneficial for investors seeking stable monthly cash flows. The name change and fee reduction ultimately enhance cost efficiency for investors, potentially increasing interest in the HANARO K High Dividend ETF.
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