'KODEX Miguk S&P Energy ETF', No.1 in Domestic and International Equity Fund Returns

Recorded a +43.6% Return Since Early Year
Investing in Oil Producers like ExxonMobil and Chevron

[Asia Economy Reporter Hwang Yoon-joo] Samsung Asset Management's 'KODEX US S&P Energy ETF' has recorded the highest returns among domestic and overseas equity funds since the beginning of the year.

Samsung Asset Management announced on the 27th that the KODEX US S&P Energy ETF achieved a year-to-date return of 43.6%.

Launched in April 2015, the KODEX US S&P Energy ETF invests in the energy sector among the US S&P 500 constituent stocks. Its underlying index is the S&P Energy Select Sector Index. It invests in about 41 high-quality US oil-producing companies, including Exxon Mobil and Chevron, which have a high correlation with oil prices.

Samsung Asset Management explained that, based on an analysis of year-to-date returns of domestic and overseas equity funds, the average return of the top 100 funds was 9.8% for overseas equity funds and 0.85% for domestic equity funds, showing that overseas equity funds generally performed better.

In particular, among overseas equity funds, those related to the oil and energy sector and Brazil/Latin America showed high returns, while domestic equity funds saw strength in cyclical stocks such as steel and insurance. The year-to-date returns of the KODEX Steel ETF and KODEX Insurance ETF were 16.2% and 14.4%, respectively, recording high returns.

Im Tae-hyuk, Head of ETF Management at Samsung Asset Management, stated, "Due to the prolonged Russian invasion of Ukraine, prices of major raw materials such as crude oil have surged, resulting in steady returns for energy sector funds, and Brazil funds, as raw material exporting countries, are also rising together. We expect that oil and energy sector funds will continue to attract investors' attention for the time being."

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