'KODEX Advanced Countries MSCI World ETF' Surpasses 500 Billion KRW in Net Assets

[Asia Economy Reporter Junho Hwang] Samsung Asset Management announced on the 4th that the net assets of the 'Samsung KODEX Developed Countries MSCI World ETF,' which diversifies investments across stock markets in 23 developed countries worldwide, have surpassed 500 billion KRW.

According to the fund rating agency FnGuide, as of the 23rd, the net assets of this ETF recorded 505.1 billion KRW.

This ETF tracks the MSCI World Index, which represents global developed country stock markets. The MSCI World Index is a representative benchmark index for developed markets, published by Morgan Stanley Capital International (MSCI).

MSCI calculates the index quarterly based on free float market capitalization, covering stocks from 23 developed countries worldwide, including major developed countries such as the United States, Japan, the United Kingdom, Canada, and France. By sector, it invests in all 11 sectors of the Global Industry Classification Standard (GICS), jointly developed by MSCI and S&P, including IT, financials, healthcare, and consumer staples. Representative stocks include Apple, Microsoft, and Amazon from the U.S.; Toyota and Sony from Japan; AstraZeneca and Shell from the U.K.; and LVMH from France.

Since its listing in August 2016, this ETF has recorded a 3-month return of 11.4% and a cumulative return of 114.0% since inception.

Im Taehyuk, Head of ETF Operations at Samsung Asset Management, said, "To summarize this ETF in one phrase, it is an ETF you would want to give your children as a Chuseok holiday gift." He added, "In particular, because it diversifies investments across 23 developed country stock markets including the U.S. stock market, it shows considerable stability compared to investing in individual country ETFs, making it very suitable as an equity product to be held in pension accounts."

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