Samsung Asset Management's 'KODEX US Nasdaq 100 Leverage ETF' Surpasses 100 Billion KRW in Net Assets
by Hwang Yoonju
Published 22 Feb.2022 08:36(KST)
With a management fee of 0.3%, one-third the level of US-listed ETFs
Largest scale among domestic listed overseas leveraged ETFs with net assets of 106.7 billion won
[Asia Economy Reporter Hwang Yoon-joo] The ‘KODEX US Nasdaq 100 Leverage (Synthetic H) ETF,’ a Korean version of QLD (Proshares Ultra QQQ ETF) launched by Samsung Asset Management, surpassed 100 billion KRW in net assets just 75 days after its listing.
Samsung Asset Management announced on the 22nd that the net assets of the ‘KODEX US Nasdaq 100 Leverage (Synthetic H) ETF’ reached 106.7 billion KRW. This is the largest scale among overseas leveraged ETFs listed in Korea.
Listed on December 9 last year, the ‘KODEX US Nasdaq 100 Leverage (Synthetic H) ETF’ offers the major advantage of allowing trading on the US benchmark index during Korean stock market hours without the need for US dollar currency exchange. Additionally, its total expense ratio is 0.3% per year, which is about one-third of similar products listed in the US market, and it features stable bid-ask spreads provided by liquidity providers (LPs).
Im Tae-hyuk, Head of ETF Management at Samsung Asset Management, stated, "The recent inflow of funds from individual investors expecting a technical rebound amid the US stock market correction phase, through general and ISA accounts, has contributed to this result. The KODEX US Nasdaq 100 Leverage (H) ETF, which can be invested in KRW and is a currency-hedged product, is a good alternative for investors who feel burdened by the high exchange rate of around 1,200 KRW when directly trading QLD as overseas Korean investors."
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