KB Asset Management Launches India's Leading Digital Company ETF in Korea for the First Time
KB Asset Management announced on the 31st that it will introduce the first exchange-traded fund (ETF) in Korea that focuses on investing in India's digital industry.
The 'RISE India Digital Growth ETF,' launching on the 1st of next month, is expected to provide an opportunity to directly invest in India's rapidly growing digital industry, which has outstanding potential.
India is one of the fastest-growing economies in the world. Based on the Indian government's Digital India policy, internet penetration is rapidly expanding, and mobile payments and e-commerce are surging, leading to fast growth in IT-based industries.
The RISE India Digital Growth ETF invests in leading Indian companies at the center of this transformation. It is characterized by investing not only in the traditional IT industry but also in various fields driving digital innovation. The portfolio covers industries with high growth potential, including IT and telecommunications, online finance, and e-commerce.
Key investment stocks include Reliance Industries Ltd, Infosys Ltd, Tata Consultancy Services Ltd, and Zomato Ltd. These companies lead the Indian economy in diverse sectors such as IT outsourcing, e-commerce, and financial services, while also maintaining strong competitiveness in the global market.
The underlying index is the MarketVector Digital India Index (INR), composed of 45 stocks representing India's digital industry. This index broadly reflects the growth of India's digital economy by encompassing sectors such as IT, telecommunications, finance, and consumer goods.
No Areum, Head of the ETF Business Division at KB Asset Management, said, "As India's digital industry grows rapidly, investor interest is increasing. The 'RISE India Digital Growth ETF' will be a useful product for investors considering emerging market investments while also focusing on the growth potential of the IT and tech industries."
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KB Asset Management recently visited India with 'Ganghwangman,' an Indian investment expert and economic influencer, to directly observe the digital industry sites. Related content will be released on the ‘RISE ETF’ YouTube channel in early April.
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