Korea Investment Management Reduces Fees on ETFs for Enhanced Investor Benefits
Korea Investment Management has significantly lowered the fees of major domestic and international index and gold-related exchange-traded funds (ETFs) to the lowest levels in the country. The total fees for the ACE 200 and ACE 200TR ETFs have been adjusted to 0.017% and 0.01% respectively, with the S&P500-related ETFs reduced to an industry-low of 0.0047%. This move aims to enhance long-term asset growth and investor benefits, setting a new standard within the ETF market.
Addressing the issue where domestic investors previously bore higher fees than those investing in foreign ETFs, Korea Investment Management has made a forward-thinking decision focused on maximizing investor benefits. The reduction is geared towards facilitating a stable yield with a robust foundation for long-term investments. With these fee reductions, Korea Investment Management is reinforcing its competitiveness in the ETF arena.
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