Korea Investment Trust Management's Two US ETFs Surpass 200 Billion KRW in Net Assets

[Asia Economy Reporter Eunmo Koo] Korea Investment Trust Management announced on the 7th that the net assets of the ‘KINDEX US S&P500 ETF’ and ‘KINDEX US Nasdaq100 ETF’ surpassed 200 billion KRW within 5 months of listing. As of the closing price on the 6th, the net assets were 104.1 billion KRW for the KINDEX US S&P500 ETF and 101.5 billion KRW for the KINDEX US Nasdaq100 ETF.

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 leading US index that accounts for about 80% of the total market capitalization of 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 Nasdaq100 ETF is based on the ‘NASDAQ 100 Index,’ which leads the global technology stock market. This index consists of 100 representative stocks from non-financial sectors such as IT, consumer goods, and healthcare listed on the US Nasdaq market, which drive US growth. Companies such as Apple, Amazon, Microsoft, Facebook, and Tesla are included.

Hyuncheol Jung, Head of Multi-Strategy Division at Korea Investment Trust Management, said, “The two KINDEX US ETFs were launched with the industry's lowest fees, gaining positive responses from investors and causing trading volumes to surge. Especially, as these products are designed to track the spot index without currency hedging, they offer effects similar to directly investing in US S&P500 and Nasdaq100 stocks.”

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