Key Updates in the ETF Market
Kiwoom Asset Management is set to introduce South Korea's first U.S. quantum computing ETF. The 'KOSEF U.S. Quantum Computing' ETF aims to invest in American companies leading innovations in quantum computing, a technology expected to revolutionize industries such as defense, finance, and pharmaceuticals. Additionally, the asset manager plans to rebrand its ETF line to 'KIWOOM' by 2025, enhancing its lineup of overseas stock ETFs.
Samsung Asset Management has reduced the total expense ratio of its KODEX Korea Value Up ETF to 0.008%, making it highly competitive in terms of fees. This passive ETF closely tracks the Korea Value Up Index, which has recently outperformed the KOSPI200. This move reflects Samsung's strategic focus on offering cost-efficient and high-performing investment solutions.
This week's top performer in South Korea's ETF market was Mirae Asset's 'TIGER Shipbuilding TOP10,' which reported an 11.11% rise. This ETF benefits from a diversified investment in shipbuilding stocks, boosted by improved industry outlooks and rising stock prices of key shipbuilders. Shinhan Asset Management and Samsung also reported significant gains through their respective ETFs.
Samsung's investment platform 'FunETF' received the 'Best of the Best Smart App' award at the Smart App Awards Korea 2024. The platform's recent redesign, enhancing user access and functionality for ETF and fund information, contributed significantly to its recognition, supporting users in making swift and informed investment choices.
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Kiwoom Investment Management Changes ETF Brand Name from 'KOSEF' to 'KIWOOM' - Business PostKiwoom Investment Management Changes ETF Brand Name from 'KOSEF' to 'KIWOOM'
[ETF of the Week] Mirae Asset Global Investments' 'TIGER Shipbuilding TOP10' rises by 11%, ranking 1st in growth rate, strong shipbuilding theme - Business Post[ETF of the Week] Mirae Asset Global Investments' 'TIGER Shipbuilding TOP10' rises by 11%, ranking 1st in growth rate, strong shipbuilding theme
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Samsung Asset Management's FunETF wins the Grand Prize at 'Smart App Awards Korea 2024' - Financial NewsSamsung Asset Management announced on the 13th that its fund platform 'FunETF' received the 'Grand Prize for Smart App' at the 'Smart App Awards Korea 2024'. Celebrating its 15th anniversary, the Smart App Awards Korea 2024 is hosted by the Korea Internet Professional Association under the Ministry of Science and ICT, along with i-Award..
[People in Finance] 'Korea's First Quantum Computing ETF' Jin Sung-in of Kiwoom Investment - Yonhap InfomaxKiwoom Investment Management's launch of Korea's first U.S. Quantum Computing Exchange-Traded Fund (ETF) was driven by the foresight that quantum computing will lead AI innovation. As quantum computing development accelerates alongside AI advancements, the company aims to maximize returns by making proactive investments in the industry's infancy. Jin Sung-in, head of the ETF division at Kiwoom Investment Management, said in an interview with Yonhap Infomax on the 13th, 'The AI craze sparked by ChatGPT has highlighted the importance of computational power necessary for AI learning and inference.' He added, 'While semiconductors have been the core of computing evolution over the past 50 years, in the upcoming AI era, quantum computing will be...
KODEX Korea Value-Up ETF cuts fee from 0.0098% to 0.008%, 'Industry Lowest' - Money TodaySamsung Asset Management announced on the 13th that it would reduce the total fee of the KODEX Korea Value-Up ETF to the industry's lowest level of 0.008%. The previous total fee was 0.0098%. The fee range for 12 listed Korea Value-Up ETFs is between 0.008% to 0.08%, and for passive ETFs, it is between 0.008% to 0.01%. The KODEX Korea Value-Up was listed on November 4th and currently has net ass...