New Competition and High Returns Expected in the Gold ETF Market
With the ongoing expectations of a rise in gold prices, there is a noticeable increase in investors' interest in gold ETFs. The ACE KRX Physical Gold ETF, a physical ETF without storage costs, closely tracks the returns of the gold market, offering investors the benefit of holding physical gold indirectly. The futures-based ETF, ACE Gold Futures Leverage, achieved an impressive return of 48.78%, garnering significant attention. Investment in ETFs has notably increased compared to the previous year.
The domestic physical gold ETF market is experiencing intensified competition. With Samsung Asset Management, Shinhan Asset Management, and Mirae Asset Global Investments launching new physical gold ETFs, the market dominance previously held by Korea Investment & Securities is now challenged. Samsung and Shinhan focus on the overseas gold market, while Mirae Asset targets the domestic market. As a result, investors now have more choices, diversifying their options for investment in physical gold ETF products.
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