Samsung Asset Management Lowers Fees on 7 Major ETFs
[Asia Economy Reporter Minji Lee] Samsung Asset Management announced on the 11th that it will lower the fees for 7 types of ETFs to the industry's lowest level.
The target products are ETFs that track the same or similar indices within the industry, including △ 2 domestic equity types (KODEX Healthcare, KODEX 200ESG) △ 2 U.S. equity types (KODEX U.S. Semiconductor MV, KODEX U.S. Smart Mobility) △ 1 U.S. REIT type (KODEX Dow Jones U.S. REITs (H)) △ 2 domestic and foreign bond types (KODEX 10-Year Treasury Futures, KODEX U.S. 10-Year Treasury Futures), totaling 7 types.
The total fees will be lowered to 0.07% for KODEX 10-Year Treasury Futures and 0.09% for the other ETFs, marking the industry's lowest level.
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A Samsung Asset Management official said, “As long-term investors in ETFs through pension markets such as retirement pensions and personal pensions increase, and institutional investors' demand for ETF investments grows, we decided to reflect customers' needs for long-term investment. This will be a good opportunity for pension investors and institutional investors,” he said.
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