KODEX US S&P Energy Returns 64.91%... Ranked '1st' Among Overseas ETFs

[Asia Economy Reporter Junho Hwang] Samsung Asset Management announced on the 6th that the KODEX US S&P Energy (Synthetic) ETF achieved a 1-year return of 64.91%, ranking first among all overseas equity funds.

This product recorded the highest returns across all periods, with returns of 36.80%, 51.12%, and 41.13% over the past 3 months, 6 months, and year-to-date, respectively.

Listed in April 2015, the KODEX US S&P Energy (Synthetic) ETF invests in the energy sector among the US S&P 500 constituent stocks, tracking the S&P Energy Select Sector Index as its underlying benchmark. It invests in 41 top US oil-producing companies highly correlated with oil prices, including Exxon Mobil and Chevron.

Im Taehyuk, Head of ETF Management at Samsung Asset Management, stated, "Despite recent indications of normalization in US monetary policy, expectations for economic recovery based on employment recovery continue steadily," adding, "Oil prices are rising due to overlapping COVID-19 and geopolitical risks, which is increasing investor interest."

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