Korea Investment Management Holds ACE KRX Gold Spot ETF New Purchase Event

Eligible for Participation with a Purchase of 10 or More New Shares

Korea Investment Management announced on March 23 that it is currently holding a promotional event for new purchases of the ACE KRX Gold Spot Exchange-Traded Fund (ETF).

This event, which began on March 18, will run until April 15. To participate, investors must purchase at least 10 shares of the ACE KRX Gold Spot ETF during the event period and certify their purchase on the event page.

Korea Investment Management plans to select 50 winners for each prize category among event participants through a lottery, and will send out Pizza Hut pizza set or BBQ chicken set gifticons accordingly. The winners will be announced on April 29 via the ACE ETF website.

The ACE KRX Gold Spot ETF, launched in 2021 as Korea’s first gold spot ETF, tracks the KRX Gold Spot Index calculated and published by the Korea Exchange. The gold spot ETF does not incur futures rollover costs or indirect investment fees, and can be invested in up to 70% of Defined Contribution (DC) retirement pensions and Individual Retirement Pension (IRP) accounts.

Gold is considered a noteworthy asset in highly volatile markets. This is because, due to its low correlation with other assets such as stocks, it can reduce overall portfolio volatility even during turbulent market conditions. Especially in times like the present, when concerns about inflation and currency depreciation are high, gold demonstrates its value as a tangible asset and draws increased investment demand.

The growth in net asset value (NAV) of the ACE KRX Gold Spot ETF illustrates this trend. According to the Korea Exchange, as of March 20, the ETF’s NAV stands at KRW 4.8746 trillion. Considering the NAV was KRW 3.6614 trillion at the end of last year, this represents an increase of over 30% so far this year.

This NAV growth is mainly driven by net buying from individual investors. Since the beginning of this year, the net purchase amount by individual investors in the ACE KRX Gold Spot ETF has reached KRW 320.1 billion, significantly exceeding the average net purchase amount for domestic commodity ETFs (KRW 74.6 billion). In particular, the total fund inflow—including individual investor net buying—amounted to KRW 886.8 billion, the largest among all commodity ETFs listed in Korea.

Yeom Jeongin, Head of ETF Digital Marketing at Korea Investment Management, said, “We prepared this event to highlight the benefits of gold spot investments to investors seeking to enhance portfolio stability amid market volatility.”

He added, “The ACE KRX Gold Spot ETF allows investors to enjoy the effect of directly investing in gold, while offering the convenience of stock trading and pension benefits. We hope participants experience efficient asset allocation strategies using gold through this event.”

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