Surge in South Korean ETF Market: Spotlight on Power and Battery Products
The South Korean ETF market has recently witnessed a significant surge in power and secondary battery-related products. Notably, Samsung Asset Management's 'KODEX Secondary Battery Industry Leverage' ETF posted a 23.31% return, claiming the top spot for weekly performance. The growth of the energy storage system (ESS) market and easing of decreased electric vehicle demand are seen as key factors.
Global increases in electric vehicle sales and expectations of energy transitions have driven the substantial gains in power and battery-related ETFs. The 'HANARO Power Equipment Investment' ETF rose by 16.54%, highlighting interest in power equipment investments, with 'KODEX AI Power Core Equipment' achieving similar results.
Simultaneously, Mirae Asset Management launched a new ETF, 'TIGER Korea AI Power Equipment TOP3 Plus', drawing market anticipation. Additionally, semiconductor and U.S.-focused investment ETFs attracted substantial funds, with 'TIGER Semiconductor TOP10' ETF successfully gathering 273 billion KRW.
Conversely, precious metal ETFs like gold and silver experienced a downturn due to short-term overheating. However, there is an enduring perspective that a medium to long-term bullish outlook remains intact.
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