Ebest Investment & Securities, Industry's First Domestic ETF Simulation Investment Competition

[Asia Economy Reporter Ji-hwan Park] Ebest Investment & Securities announced on the 3rd that it will hold the first domestic ETF simulated investment competition in the securities industry.

The competition period is from the 18th of this month to the 29th of next month. Participants can join the competition by applying by the end of this month, and winners will be selected from 1st to 100th place based on the rate of return. Prizes worth a total of 7.68 million KRW are at stake, including 2.75 million KRW in cash, books worth 1.4 million KRW, and vouchers worth 3.53 million KRW that can be used for educational services provided by Makeit, an ETF specialized media group. Additionally, those who open an Ebest Investment & Securities account for the first time to participate in the competition will receive a stock gift certificate worth approximately 15,000 KRW per person.

The reason a domestic ETF simulated investment competition, which has not been held in the securities industry until now, is taking place is that the status of ETFs has greatly increased compared to the past. Until now, ETFs had not attracted much investor interest because they are more stable with lower volatility compared to individual stocks but are difficult to realize short-term profits.

However, recently, due to the COVID-19 situation, the volatility of ETFs has significantly increased, and investor preferences for specific industries such as bio and untact have risen, leading to increased interest in ETFs that invest by bundling stocks. The rise in prices of commodities like gold has also played a role in attracting investors who find direct investment difficult to related ETF products.

Jung Sung-geun, CEO of the Retail Business Division at Ebest Investment & Securities, said, "The proportion of ETFs in advanced stock markets such as Japan and the United States is much higher than in Korea, so the domestic ETF market also appears to have great growth potential," adding, "After signing an MOU with Makeit, an ETF specialized media group, this is the first project conducted under the motto ‘Sound Investment, Healthy Investment’ to promote qualitative and quantitative growth of investors, so we hope for much interest and participation."

This content was produced with the assistance of AI translation services.