Increased Investment in Overseas ETFs in ISA Accounts
According to an analysis by Kiwoom Securities, as of the end of June this year, the proportion of domestically-listed overseas ETFs in brokerage-type Individual Savings Accounts (ISAs) rose by 14 percentage points year-on-year to 27%. This increase is attributed to tax benefits and the stagnant performance of the domestic stock market, leading to a preference for overseas investments. Brokerage-type ISA accounts showed a significant 81% preference for domestically-listed overseas ETFs, with U.S. indices such as the S&P 500, Dow Jones, and Nasdaq being particularly popular. Additionally, Kiwoom Securities is running a cash event for new and transferred ISA account customers.
During the same period, the proportion of domestic ETFs in these accounts was only 6%. Dividend and REIT stocks remain favored, while gold bullion and interest rate ETFs are newly attracting attention. ISA accounts offer tax-free benefits up to 2 million won (or 4 million won for low-income types), with any excess amount subject to a 9.9% separate taxation.
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Kiwoom Securities ISA Analysis Shows Increased Preference for Overseas Investments - White Paper[White Paper = Reporter Go Su-ah] As overseas investments by domestic investors are increasing, it has been found that the proportion of overseas investments in Kiwoom Securities customers' portfolios is also on the rise. According to the analysis of Kiwoom Securities' individual savings accounts (ISA) on the 10th, the proportion of domestically listed overseas ETFs in investors' portfolios has noticeably increased this year compared to the previous year. As of the end of June, the proportion of domestically listed overseas ETFs in brokerage type ISA accounts was 27%, a significant increase of 14% points compared to the previous year. During the same period, the proportion of domestic ETFs increased by only 1.8% points, reaching 6%.