Recent Trends in Domestic and US ETF Markets
The domestic ETF market has surpassed 250 trillion KRW, marking significant quantitative growth, though lacking in qualitative maturity. Many ETFs are overly similar to existing products, hindering industry advancement. The market is mostly led by Samsung Asset Management and Mirae Asset Management, and lower operational costs are being observed. It is pointed out that competition needs restructuring towards more unique concepts and strategies.
In the US, regional banks are facing issues with bad loans, causing bank stocks to plummet. The Invesco ETF tracking the KBW Regional Banking Index has dropped over 5%, and ETFs tracking major banking indexes are down more than 3%. Zions Bancorp reported a $50 million commercial loan loss, and Western Alliance's inability to execute collateralization led both banks to suffer over 10% stock decline, raising investor concerns.
Meanwhile, Samsung Asset Management's KODEX ETF has reached the 100 trillion KRW milestone in 2023 for the first time. This represents a 51.7% growth from the previous year, with assets increasing over 10 trillion KRW in just a month. This feat is attributed to their diverse assets and strategic approach that has consistently earned investor trust. To commemorate this success, they plan to offer new KODEX investors incentives and focus more on customer-centric management and consumer protection.
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Samsung Asset Management's KODEX ETF Surpasses 100 Trillion Won in Domestic Net AssetsSamsung Asset Management's KODEX ETF has become the first in the industry to surpass a net asset total of 100 trillion won. According to Samsung Asset Management on the 16th, the total net assets of all KODEX ETF products were recorded at 100.5071 trillion won. Samsung Asset Management initially entered the market in October 2002 with the launch of South Korea's first ETF, 'KODEX 200'. Over the past 23 years, it has steadily expanded its scale, reaching the industry's largest size. Compared to the end of last year (66.2508 trillion won), it has grown by 51.7%, and about a month after surpassing 90 trillion won in net assets on the 11th of last month, 1
250 Trillion Won ETF Market Built by 'Copy and Paste' [Reporter’s Truth] - Cookie NewsThe domestic ETF market is rapidly expanding. Just five years ago, the total net assets (AUM) were at 50 trillion won, but earlier this month, it surpassed 250 trillion won. The number of listed ETFs has also exceeded 1,000.
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