Rapid Growth of Domestic Gold ETFs and Increase in Retail Investor Influx
The ACE KRX Gold Spot ETF recently surpassed 1.5 trillion won in net assets, growing by 157% this year alone. Korea Investment Management has taken a strategic approach to strengthen its competitiveness in the gold ETF market by reducing fees from 0.5% to 0.19%, thus encouraging further capital inflows. Retail investors contributed significantly with a net purchase of 393.9 billion won, accounting for more than half of the total fund inflow, driving market growth.
The ACE KRX Gold Spot ETF notably recorded a 52.06% one-year yield, ranking as the second highest among domestic listed commodity ETFs, demonstrating substantial investor interest in gold-related assets. Investments in gold-related ETFs have surged in line with rising gold prices, with net asset totals for gold ETFs increasing by 165.8% compared to the previous year, reaching 2.309 trillion won. The introduction of various gold investment ETFs provides more options for small investors, promoting market diversification.
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Hanwha Investment Management Surpasses KRW 1.5 Trillion in Net Asset Value for ACE KRX Gold Spot ETF - Newspim[Seoul=Newspim] Reporter Kim Ga-hee - Hanwha Investment Management announced on the 10th that the net asset value of the ACE KRX Gold Spot ETF has surpassed KRW 1.5 trillion. The ACE KRX Gold Spot ETF, introduced by Hanwha Investment Management in 2021...
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ACE KRX Gold Spot ETF Surpasses 1.5 Trillion Won in Net Assets - Maeil Business NewspaperNet assets have increased by 157% this year. Individuals maintain steady net buying trend. Total fees reduced from 0.5% to 0.19% annually.
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