Korea Investment Trust Management Lowers Fees on Two US ETFs

KINDEX US S&P 500 and KINDEX Nasdaq 100 ETFs Total Expense Ratio Reduced to 0.07%

[Asia Economy Reporter Eunmo Koo] Korea Investment Trust Management announced on the 13th that it will lower the fees for the ‘KINDEX US S&P500 Exchange-Traded Fund (ETF)’ and the ‘KINDEX US Nasdaq 100 ETF’ to an industry-low level of 0.07%. The total fees for both ETFs will be reduced from 0.09% per year to 0.07%, effective from the 18th.

Jung Hyun-chul, Head of Multi-Strategy Division at Korea Investment Trust Management, explained, “This fee reduction was decided to maintain our policy of providing customers with a more satisfactory investment environment by launching the industry’s first lowest-fee overseas ETF,” adding, “It will have sufficient competitiveness even when compared to local US ETFs.”

The ‘KINDEX US S&P500 ETF’ tracks the ‘S&P500 Index,’ which consists of 500 large-cap stocks representing the US stock market. The ‘S&P500 Index’ is a representative US index accounting for about 80% of the total market capitalization of all US companies and reflects the overall state of the US economy. It includes companies such as Apple, Microsoft, Berkshire Hathaway, and JP Morgan.

The ‘KINDEX US Nasdaq 100 ETF’ is based on the ‘NASDAQ 100 Index,’ which leads the global technology stock market. This index consists of 100 representative stocks from sectors driving US growth, such as IT, consumer goods, and healthcare, all listed on the US Nasdaq market and excluding financial industries. Companies like Apple, Amazon, Microsoft, Facebook, and Tesla are included. Both ETFs are designed to track the spot index without currency hedging, providing an effect similar to directly investing in the US S&P500 and Nasdaq 100 stocks.

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