Samsung Asset Management Announces No Plans to Lower ETF Fees
Samsung Asset Management has announced that it does not plan to lower the management fees for its leveraged and inverse exchange-traded funds (ETFs), in contrast to Mirae Asset's recent consideration of a fee reduction. Samsung emphasized the need for sophisticated operations in managing ETFs and stated its focus on providing better products to investors rather than engaging in fee competition for market share.
The company aims to maintain customer trust and strengthen its competitiveness by prioritizing genuine investor performance improvement and supplying innovative products. Additionally, Samsung has enhanced its management and monitoring systems to ensure that investors face no inconvenience in transactions.
The previous fee reduction of U.S. ETFs in January was due to amendments in income tax law, implemented with the understanding of investors. In this context, Samsung Asset Management continues to focus on delivering a unique investment experience, adhering to its domestic strategy unaffected by overseas circumstances.
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