Woori Asset Management Launches 'WOORI US S&P500' ETF

[Asia Economy Reporter Hwang Yoon-joo] Woori Asset Management has launched an exchange-traded fund (ETF) that tracks the S&P 500, one of the three major U.S. indices.

Woori Asset Management newly listed the 'WOORI US S&P500' ETF on the 6th. The underlying index is the 'S&P500 PR Index (KRW)', which currently includes a total of 503 stocks. Major components include Apple, Microsoft, Amazon, Tesla, and Alphabet.

The approximately 500 stocks that make up the S&P 500 index are organically adjusted according to new industries and stock price fluctuations, so investing in this ETF offers the advantage of stock allocation aligned with the U.S. economic trends. Additionally, due to the nature of ETFs, fees are lower than typical active funds, making it suitable for long-term investment.

The S&P 500 index has undergone significant adjustments since the beginning of the year, with the PER, which exceeded 30 times, now lowered to around 17 times. While valuation pressure has been greatly eased, fundamentals remain solid, according to Woori Asset Management.

Woori Asset Management has been accelerating its ETF business, starting with the AI-based ‘WOORI AI ESG Active’ ETF in January this year, followed by the 'WOORI Korea Treasury Bond Active' ETF in May, and the 'WOORI US S&P Aerospace & Defense' ETF in September.

This content was produced with the assistance of AI translation services.