'KBSTAR ETF' Market Share Surpasses 8%... Net Assets Increase by 1.2 Trillion Won
[Asia Economy Reporter Junho Hwang] KB Asset Management has emerged as a dark horse in the ETF market.
KB Asset Management announced on the 23rd that the net assets of KBSTARETF have surpassed 4.6 trillion KRW. Its market share also rose to 8.2%, up 1.7 percentage points compared to last year. The ETF market is currently dominated by Mirae Asset Global Investments and Samsung Asset Management.
To expand its ETF territory, KB Asset Management established the ETF&AI Division at the beginning of the year and is actively working to increase its market share. It lowered the total expense ratio of its flagship index-tracking ETFs to the industry's lowest and has been launching thematic ETFs one after another. Since reducing the total expense ratio of its flagship index-tracking ETFs to the industry's lowest, 213.4 billion KRW has flowed into three products alone: 115.3 billion KRW into KBSTAR 200 ETF, 86.2 billion KRW into KBSTAR 200TRETF, and 11.9 billion KRW into KBSTAR US Nasdaq 100 ETF.
Additionally, thematic ETFs such as KBSTAR ESG Socially Responsible Investment ETF and KBSTAR Fn Hydrogen Economy Theme ETF have shown outstanding performance and grown in scale. The recent three-month returns of these two products were 16.55% and 12.10%, respectively, significantly outperforming the market return (10.00%), with net assets increasing by more than 10 billion KRW each. Furthermore, in line with rising interest rates, 349 billion KRW flowed into the KBSTAR 3-Year Treasury Bond Futures Inverse ETF.
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Geum Jeongseop, head of the ETF Strategy Office at KB Asset Management, said, "We will also launch bond ETFs and active ETFs to raise our market share to double digits within the first half of the year," adding, "The unique thematic ETFs of KB Asset Management, such as KBSTAR Fn 5G Tech ETF and KBSTAR Global Data Center REITs Nasdaq Real Estate Active ETF, will also contribute to the increase in market share."
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