Analysis of Domestic ETF Market and Gold Price Discrepancy
Samsung Asset Management has raised concerns over the structural issues within the domestic gold spot ETF market at the 'KODEX Korea Sovereign AI' briefing, emphasizing the prioritization of investor protection through ETFs based on the international gold market. This criticism stems from the current situation where domestic gold prices are recorded at 13.2% higher than international market prices due to pricing discrepancies.
Furthermore, domestic ETFs incorporating U.S.-listed ETFs, such as 'KODEX Gold Active', are in focus for their high-cost structures. 'KODEX Gold Active' marked a 32.53% return from June 24 to October 17, which contrasts with 'TIGER KRX Gold Spot's 51% return. The performance gap among these ETFs stimulates discussions among investors regarding varied investment strategies.
Particularly, recent reports indicate a 'kimchi premium' phenomenon, with domestic gold prices over 10% higher than international prices, advising caution in gold investments. Despite these pricing anomalies between Korean and international gold ETFs, the gold market is anticipated to maintain a bullish trend, fueled by central bank purchases and a general trend of interest rate cuts.
Meanwhile, Mirae Asset Management has launched the 'TIGER Korea AI Power Equipment TOP3 Plus' ETF, targeting the growth potential of the power equipment industry. It aims to include major firms such as Hyosung Heavy Industries, HD Hyundai Electric, and LS Electric, with an eye toward expanding its global market share.
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'Even with Declining Returns...' Why Did Samsung Asset Management Criticize Competitors' Gold ETFs? [ETF Decode] - Smart TodaySmart Today = Reporter Lee Tae-yoon | Samsung Asset Management expressed a negative view about the structure of domestic gold spot ETFs at the 'KODEX Korea Sovereign AI' press conference. This statement emerged during the Q&A session when a reporter asked about the 'future net asset target.' Currently, the domestic gold spot ETF market is dominated by Korea Investment Trust Management.
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'Gold Premium'... Samsung and Shinhan Asset Management's 'International Gold ETF' in the Spotlight [Investment Insight][Editor's note] Always present uncertainty, the continuous emergence of new investment products. The stock market faced by investors is nothing short of chaotic. 'Market Economy' aims to be a compass for aiding investment decisions by offering analysis reports and institutional data through securities firm reports weekly. We hope that through this, all investors will find a successful pulse in investing and take steps toward expanding their assets. Samsung Asset Management and Shinhan Asset Management's gold ETF (Exchange-Traded Fund) that tracks international gold spot prices is gaining popularity. Gold prices are renewing all-time highs amid this trend.