Samsung Asset Management KODEX US S&P500TR Surpasses 400 Billion KRW in Net Assets

20.6% Return Since Listing in April Last Year

[Asia Economy Reporter Hwang Yoon-joo] The net assets of the 'KODEX US S&P500TR ETF' launched by Samsung Asset Management have surpassed 400 billion KRW.

Samsung Asset Management announced on the 18th that the net assets of the 'KODEX US S&P500TR ETF,' which tracks the US index, reached 407.7 billion KRW.

Listed in April last year, the KODEX US S&P500TR ETF is the first total return type ETF tracking a major US index in Korea. It has attracted investors' attention by recording a high performance with a 1-year return of 18.8% and a return of 20.6% since inception.

The KODEX US S&P500TR ETF tracks a total return index that automatically reinvests dividends. It is suitable for individual investors who find it difficult to actively reinvest cash dividends and for pension investors aiming for long-term investment. As a currency-exposed product, it also offers a defensive effect against dollar strength during market downturns.

Im Tae-hyuk, Head of ETF Management at Samsung Asset Management, said, "Amid adjustments in risk assets due to global inflation concerns and geopolitical risks, buying demand from investors who believe in the long-term upward trend of the US stock market continues. In particular, among the two major US indices, the S&P500 index, which has well-diversified sector investments, is gaining attention."

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