Samsung Asset Management's KODEX CD Rate Active ETF Attracts Heavy Retail Interest
Samsung Asset Management's 'KODEX CD Rate Active' Exchange-Traded Fund (ETF) has surpassed 1 trillion won in cumulative net purchases by retail investors just 14 months after its listing. This positions it as the number one fund in the interest rate and bond-type ETF category, and the sixth largest among all ETFs, highlighting significant interest from individual investors. Notably, there have been 35 days this year where daily net purchases by individuals exceeded 100 billion won.
Key drivers of this influx include the ETF's high yield, low transaction costs, and convenient trading features. The ETF calculates the CD91 day's interest on a daily basis and compounds it, allowing even one-day investors to reap substantial returns. Lower trading costs, set at 5-won increments, make it a more attractive alternative to traditional bank parking products.
This year, the net inflow of purchases by individuals surged to 7.313 trillion won, up from last year's 2.837 trillion won – a more than 2.5-fold increase. This surge is largely due to the persistently high interest rates of the CD91, consistently attracting retail funds.
Samsung Asset Management emphasizes that the ETF has had no loss-making days and has provided an average daily return of 151 won per share. This underscores the opportunity for investors to achieve secure and stable returns.
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