Korea Investment & Securities Expands ETF Auto-Investment Service to Retirement Accounts
Korea Investment & Securities has launched the industry's first ETF auto-investment service for retirement accounts. The service allows automatic monthly purchases of up to 20 different ETFs within a predetermined amount, ranging from a minimum of 50,000 won to a maximum of 100 million won. Additionally, customers who use the service by the end of November can receive mobile vouchers worth up to 120,000 won. The head of the retirement pension division has emphasized that this service is beneficial for long-term profit enhancement.
On the other hand, various domestic strategic ETFs are being delisted due to low returns and trading volumes. Recently, Hanwha Asset Management and Korea Investment Management delisted several strategic ETFs, including 'PLUS KS Quality Weighted TR' and 'ACE Smart Low Vol'. Conversely, strategic ETFs in the U.S. are gaining popularity with returns higher than the S&P 500 index.
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Daily Trading Volume Only 6 Weeks... Strategy ETFs Being Delisted One After Another - Korea EconomyDaily trading volume only 6 weeks... Strategy ETFs being delisted one after another, Hanwha Asset Management and Korea Investment Trust Management facing multiple delistings. Slightly higher returns than KOSPI lead to investor neglect... Turned into zombie ETFs
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Korea Investment & Securities Expands Automated Investment Service for Retirement Pension Accounts Using ETFs - Maeil Business NewspaperKorea Investment & Securities announced on the 27th that it is expanding its industry-first automated investment service using Exchange-Traded Funds (ETFs) to retirement pension accounts and will hold an event for customers using the service. This service automatically purchases specified ETFs on a designated date each month within the agreed amount range. Previously, the service was offered for stock trust accounts, personal pensions, and brokerage-type Individual Savings Accounts (ISAs).
[Card] Korea Investment & Securities Introduces Automatic Investment Service for Retirement Pension ETF Savings - Prime Economy[Prime Economy] Korea Investment & Securities, a subsidiary of Korea Financial Group (071050), announced on the 27th that it will launch an expanded service that includes automatic investment services for exchange-traded funds (ETFs) in retirement pension accounts for the first time in the retirement pension industry. This service automatically purchases a specified ETF within a designated amount on a specified date every month...
Korea Investment & Securities Expands Automatic ETF Investment to Retirement Pension Accounts - Financial News[Financial News] Korea Investment & Securities announced on the 27th that they are expanding their automatic ETF accumulation investment service to retirement pension accounts, making it the first in the retirement pension industry. This service automatically buys specified ETFs within the agreed amount on a designated date each month. The service, which was previously available for stock trust accounts, personal pensions, and brokerage ISAs, is now extended to retirement pension accounts (DC type, IRP)..
Korea Investment & Securities Provides Automatic ETF Investment Service for Retirement Pension Accounts - Hans Economy[Hans Economy Reporter Kwon Hyun-won] Korea Investment & Securities has announced on the 27th that it will expand its automatic ETF investment service to retirement pension accounts for the first time in the retirement pension sector, and will hold events for customers using the service. This service allows users to automatically purchase designated ETFs within the agreed-upon amount on a specified date each month. Previously, this service was provided for stock brokerage accounts, personal pensions, and intermediary ISAs. The retirement pension accounts (DC and IRP) will now be included. The agreed amount can range from 50,000 KRW to 100 million KRW and can be set in units of 10,000 won, with up to 20 stocks designated. In line with the launch of the service, customers