Korea Investment Trust Management's Two US ETFs Surpass 500 Billion KRW in Net Assets

[Asia Economy Reporter Minji Lee] Korea Investment Trust Management announced on the 11th that the net assets of the ‘KINDEX US S&P500 ETF’ and the ‘KINDEX US Nasdaq 100 ETF’ have surpassed 500 billion KRW.

As of the closing price on the 10th, the net assets of the ‘KINDEX US S&P500 ETF’ and the ‘KINDEX US Nasdaq 100 ETF’ were 295.6 billion KRW and 210.1 billion KRW respectively, totaling 505.6 billion KRW.

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 all US companies and reflects the overall state of the US economy. It includes companies such as Apple, Microsoft, Amazon, Facebook, Alphabet (Google), and Tesla.

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 non-financial sectors such as IT, consumer goods, and healthcare listed on the US Nasdaq market, which drive US growth. Companies such as Apple, Microsoft, Amazon, Alphabet, and Tesla are included. It also includes companies benefiting from the accelerated ‘contactless economy’ due to COVID-19, such as PayPal, Cisco, Netflix, and Zoom.

Korea Investment Trust Management launched these two US representative index ETFs last year with low fees to meet the rapidly increasing demand for direct overseas stock purchases among domestic stock investors. These products allow convenient investment in the continuously growing US stock market representative indices from the domestic market. They are designed to invest directly in the underlying stocks without currency hedging, providing the effect of direct investment in US S&P500 and Nasdaq 100 stocks.

Jung Sung-in, head of the ETF Strategy Team at Korea Investment Trust Management, said, “Among domestic institutional investors who have been making direct overseas investments, there is recently a growing demand to utilize domestically listed overseas stock ETFs,” adding, “The two KINDEX US ETFs, which are attractive due to their low fees, will be especially useful for investors who want to invest funds long-term, such as retirement pension investors.”

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