Samsung Asset Management's 'KODEX US FANG Plus' Overseas Fund Tops Returns

[Asia Economy Reporter Minji Lee] Samsung Asset Management announced on the 14th that the KODEX US FANG Plus (H) ETF recorded a 1-year return of 117.1%, ranking first among all publicly offered overseas equity funds.

According to financial information provider FnGuide, as of the previous day, the returns for the past 3 months, 6 months, and year-to-date were 9.9%, 23.1%, and 10.0%, respectively, showing positive returns across all periods.

Launched in January 2019, the KODEX US FANG Plus (H) ETF focuses on investing in 10 next-generation technology-related companies recognized as innovative firms, including Tesla, Apple, Facebook, Amazon, Netflix, and Google.

It tracks the NYSE FANG+ Index, calculated by ICE Data Indices, the parent company of the New York Stock Exchange. This index consists of approximately 10 stocks, including the five FAANG stocks listed on US exchanges plus five additional stocks selected from the technology and consumer discretionary sectors.

The ETF's net assets amount to 538.3 billion KRW, with 201.8 billion KRW of inflows since the beginning of the year. This explosive growth in net assets is attributed to excellent returns and increased investor interest in US IT technology stocks.

Choi Hyeyoon, a manager at Samsung Asset Management, stated, "Although US interest rate issues and antitrust companies have undergone adjustments, stocks of companies with solid earnings have recently hit new highs, showing a positive trend. This product is worth continuous attention as it includes leading US stocks recognized for growth and profitability, and a large number of untact (contactless) companies expected to expand the market due to the spread of COVID-19."

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