Samsung Asset Focuses 50 Billion KRW Personal Purchase on KODEX Tesla Income Premium Active

Samsung Asset Management announced on the 22nd that the KODEX Tesla Income Premium Bond Mixed Active Exchange-Traded Fund (ETF) recorded a net purchase of 50.5 billion KRW by individual investors. This is the result of daily net purchases by individual investors over 40 trading days since its listing on January 23 this year, with net assets totaling 84.4 billion KRW.

Although Tesla's stock price fell 15.9% since the listing of the KODEX Tesla Income Premium Bond Mixed Active ETF, the ETF itself only declined by 3.6%, showing a stable performance. In particular, Samsung Asset Management explained that it has attracted high interest from both Tesla investors and monthly dividend investors by paying a monthly dividend of 132 KRW per share (annualized 15.7%) on the 5th. The 132 KRW dividend distributed this time is the highest payout ratio among domestic monthly dividend ETFs.

The KODEX Tesla Income Premium Bond Mixed Active ETF employs a covered call strategy using Tesla, which receives the highest option premium among U.S.-listed stocks due to its high price volatility, and incorporates domestic bonds to utilize interest income that can be received stably. It is a monthly dividend ETF aiming to pay an annualized 15% dividend every month.

The option premium generated by selling call options, which are rights to buy Tesla stock at a specified price, combined with interest from high-quality domestic comprehensive bonds accounting for about 70% of the assets, secures dividend resources at an annualized level of 15% monthly?the largest scale among domestic monthly dividend ETFs. In fact, after paying a monthly dividend of 132 KRW, which exceeded the target amount of 125 KRW, on the 5th, the KODEX Tesla Income Premium Bond Mixed Active ETF saw an accelerated inflow of funds from individual investors, with 25.6 billion KRW flowing in over 14 trading days.

Tesla's stock price has fallen 57% from its peak at the end of 2021. However, domestic individual investors have great trust in Tesla's growth potential and innovation, and thus have shown steady interest in the KODEX Tesla Income Premium Bond Mixed Active ETF, which is designed to reduce downside risk while targeting high monthly dividend payments, setting a record of 40 consecutive days of net purchases.

Kwon Yong-hyun, a manager at Samsung Asset Management, stated, “Investors who view the decline in Tesla's stock price as a buying opportunity are continuously purchasing not only Tesla shares but also related ETFs. Monthly dividend investors, who have confirmed the actual payment of the largest monthly dividend of 15% annually among domestic monthly dividend ETFs, are showing continuous buying momentum for the KODEX Tesla Income Premium Bond Mixed Active ETF, considering Tesla's growth potential along with the high monthly dividends.”

Meanwhile, since the KODEX Tesla Income Premium Bond Mixed Active ETF manages 70% of its assets in domestic bonds as a stable product, it is the only monthly dividend ETF operated with a covered call strategy that can be invested 100% not only through general pension accounts but also through retirement pension accounts such as DC/IRP.

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