'Buy "Geum ETF" and Enter a Draw to Win a "Gold Bar" Event'

[Asia Economy Reporter Junho Hwang] Korea Investment Trust Management is holding an event on the 30th to commemorate the launch of the 'KINDEX KRX Gold Spot Exchange-Traded Fund (ETF)' by giving away pure gold bars.

Until January 28 next year, anyone who purchases at least one share of the ‘KINDEX KRX Gold Spot ETF’ and verifies their holding status through the event page on the KINDEX ETF website can participate in the event.

One first-place winner selected by lottery will receive a pure gold bar worth approximately 3 million KRW. Five second-place winners will receive 10g gold bars, and twenty third-place winners will receive 3.75g gold bars. Additionally, 500 fourth-place winners will receive a Starbucks dessert set mobile gifticon worth 10,000 KRW. Winners will be announced on February 15. Taxes and fees (22%) on prizes exceeding 50,000 KRW are the responsibility of the winners.

Launched on the 15th, the 'KINDEX KRX Gold Spot ETF' is the first and only gold spot ETF listed in Korea. Existing gold-related ETFs listed domestically are futures-based, making them unavailable for retirement pension investments and incurring futures rollover costs due to their product structure. The 'KINDEX KRX Gold Spot ETF,' which holds and manages physical gold, can be invested in through personal pension savings and retirement pension (DC/IRP) accounts.

This product tracks the KRX Gold Spot Index, which reflects the spot price of gold in the Korea Exchange gold market. Since the KRX Gold Spot Index is calculated by converting international gold spot prices into Korean won, the ETF’s daily performance reflects both gold prices and the exchange rate between the Korean won and the US dollar, making it a currency-exposed product.

Jung Sung-in, head of the ETF Strategy Team at Korea Investment Trust Management, said, "Gold, a representative safe asset and inflation hedge, is essential for asset allocation strategies that reduce portfolio volatility. The KINDEX KRX Gold Spot ETF will be especially useful for customers who want to invest long-term funds such as pensions in gold."

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