Samsung Asset Management Recommends 5 Low PBR ETFs Tailored to 'Corporate Value-Up Program'

Samsung Asset Management recently compiled and announced on the 15th five value-up ETFs that can prepare for the introduction of the market's biggest issue, the 'Corporate Value-Up Program.' Since the government announced the introduction of the 'Corporate Value-Up Program' on the 24th of last month, there have been mentions of price-to-book ratios (PBR) for individual companies or industries, but this is the first time that the PBR of ETFs themselves has been calculated and presented.

Among KODEX domestic ETFs, Samsung Asset Management presented five ETFs with PBRs below 0.5x?KODEX Insurance (0.41x), KODEX Value Plus (0.43x), KODEX Bank (0.45x), KODEX High Dividend (0.46x), and KODEX Securities (0.49x)?as the main beneficiaries of the 'Corporate Value-Up Program.' This presentation of five value-up ETFs was designed to help investors who want to invest in companies related to the 'Corporate Value-Up Program' select beneficiaries more easily and conveniently.

Samsung Asset Management first identified financial sector ETFs such as insurance, banking, and securities as beneficiaries of the Corporate Value-Up Program. As of the 14th of this month, the PBR of 'KODEX Insurance' is 0.41x, the lowest among all KODEX ETFs. Since the government's announcement of the 'Value-Up Program' on the 24th of last month, KODEX Insurance has recorded a cumulative return of 22.3%. Despite this higher return compared to the 6.1% rise in the KOSPI index during the same period, it still maintains the lowest level. KODEX Bank (0.45x) and KODEX Securities (0.49x) also showed high returns of 13.5% and 14.3%, respectively, during the same period, but continuous attention is deemed necessary.

Additionally, KODEX Value Plus, a representative of so-called 'value-up' investment that invests in low PBR stocks with good profitability but low book value relative to market capitalization, showed an 11.0% increase after the government announcement. KODEX High Dividend, which actively returns profits to shareholders through dividends, also rose 11.3%, but was selected among the five value-up ETFs with a PBR of 0.46x.

The five value-up KODEX ETFs carefully selected by Samsung Asset Management were chosen based on indicators calculated since 2021 on the 'ETF Profitability and Dividend Indicators' page on the KODEX website. Each indicator is calculated by using data from professional data providers and weighted averages of dividends, earnings indicators, etc., for each individual stock included in the ETF's disclosed portfolio deposit file (PDF: Portfolio Deposit File).

This page allows users to search not only for 'PBR' but also for 'Dividend Yield' and 'Price-to-Earnings Ratio (PER)' indicators, enabling anyone to quickly and easily find indicator information for ETFs that can benefit from the government's Corporate Value-Up Program as well as other products without any separate membership registration process.

Im Tae-hyuk, Executive Director of ETF Operations at Samsung Asset Management, said, "Since the government's announcement of the Corporate Value-Up Program, investor interest in low PBR companies has been increasing," adding, "As related ETFs are also recording high returns, we prepared this data to show investors the current status of each product with concrete numbers." He continued, "The five value-up ETFs we presented still maintain low PBR levels and rank high in low PER and dividend yield, so once the government releases more specific announcements, we expect them to attract even more investor interest."

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