Samsung Asset Management Launches 'Dollar-Denominated US Index Fund'
[Asia Economy Reporter Hwang Junho] Samsung Asset Management launched the 'Samsung Dollar-Denominated US Index Fund' on the 6th, which allows diversified investment directly in US stocks in dollars without currency exchange.
This product is an index fund that tracks the S&P 500 index, representing the US stock market. In particular, it has the advantage of setting the base price in US dollars and allowing investors to redeem in dollars after investing.
Unlike funds invested in Korean won, it does not incur currency exchange or hedging costs, enabling diversified investment in leading US companies at a low cost. Investors who hold dollars but mostly keep them in deposits can diversify their portfolios by investing in the Samsung Dollar-Denominated US Index Fund.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- "Am I Really in the Top 30%?" and "Worried About My Girlfriend in the Bottom 70%"... Buzz Over High Oil Price Relief Fund
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Lee Jonghee, manager at Samsung Asset Management, stated, "This is an attractive product that allows investors holding dollars to diversify easily and affordably into leading US companies."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
