KB Asset Management's 'RISE 200 Weekly Covered Call ETF' Surpasses 700 Billion Won in Net Assets
70.81% Return Over the Past Year
KB Asset Management announced on January 26 that the net asset value of its KOSPI200 index-based monthly dividend exchange-traded fund (ETF), the 'RISE 200 Weekly Covered Call ETF,' has surpassed 700 billion won.
According to FnGuide, as of January 23, the 'RISE 200 Weekly Covered Call ETF' recorded returns of 39.91% over the past six months and 70.81% over the past year, respectively.
The cumulative annual distribution rate over the past year was 18.10%, with an average monthly distribution of 1.51%. If an investor had invested 100 million won a year ago, they would have received approximately 15.1 million won in distributions before taxes.
The 'RISE 200 Weekly Covered Call ETF' is a product that seeks stable income by selling at-the-money (ATM) weekly call options based on a KOSPI200 portfolio. By selling call options twice a week, or about eight times a month, it aims for relatively higher income compared to traditional monthly covered call strategies. In particular, during periods when the stock index is moving sideways or declining, the fund targets excess returns over the KOSPI200 index.
The product also differentiates itself in its distribution structure. It utilizes both the premiums from selling KOSPI200 ATM options and the dividends from KOSPI200 constituent stocks as distribution sources, ensuring stable distribution resources even during periods of high market volatility. Based on this, investors can expect a certain level of monthly dividends, and the relatively low taxable income makes it advantageous from a tax-saving perspective.
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Yook Donghui, Head of ETF Product Marketing at KB Asset Management, stated, "'The RISE 200 Weekly Covered Call ETF' offers investors a differentiated investment alternative through a tax-efficient income structure utilizing a weekly call option strategy," adding, "We will continue to develop this product into a competitive option for both pension investors and high-net-worth individuals, based on stable monthly distributions and tax efficiency."
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