Kiwoom Asset Management Lowers Fees for Four KOSEF Bond ETFs

[Asia Economy Reporter Hwang Yoon-joo] Kiwoom Asset Management announced on the 1st that it will lower the fees for four bond-type ETFs to the industry's lowest level.

The target ETFs are KOSEF Dangi Jageum, KOSEF Tonganche 1 Year, KOSEF Gukgochae 3 Year, and KOSEF Gukgochae 10 Year, a total of four types, and the total fees will be reduced from the existing 0.15% to the industry's lowest level of 0.05%.

Bond investment was considered exclusive to institutional investors, but recently, interest in bond investment among individual investors has increased, leading to an explosive demand for bond-type ETFs that can be traded in small amounts.

The KOSEF Gukgochae 10 Year ETF is a representative bond-type ETF that Kiwoom Asset Management prides itself on. As of October 28, the KOSEF Gukgochae 10 Year assets under custody amounted to 401.8 billion KRW, an increase of 185.5 billion KRW compared to the previous year, and the net purchase amount by individual investors is about 64 billion KRW.

Also, although interest rates have recently entered a rising phase, long-term investments through pension markets such as retirement pensions, aiming to proactively respond during periods of falling interest rates, are increasing.

Lee Eun-geun, team leader at Kiwoom Asset Management, explained, "Through this industry's lowest fee reduction, it is possible to efficiently invest in KOSEF bond-type ETFs at a low cost."

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