by Kim Minyoung
Published 16 Feb.2024 12:16(KST)
The Korea Exchange announced on the 16th that the 'KBSTAR Global Realty Income' Exchange-Traded Fund (ETF) issued by KB Asset Management will be listed on the KOSPI market on the 20th.
This fund is a fund of funds with monthly dividends that invests in 10 publicly offered REIT infrastructure funds listed in the United States and Korea. It consists of one Macquarie Infrastructure fund listed domestically and nine REITs listed in the United States.
Among the U.S. REIT sectors, two stocks with good dividend growth are selected from four sub-sectors?warehouses, data centers, modular housing, and towers?considering profitability, and invested in equal weights.
It is expected to become a new investment alternative for investors who prefer monthly dividends in a high-interest-rate environment.
The price per unit is 10,000 KRW.
The Exchange stated, "ETF products may experience a gap between index performance and management performance due to management fees or changes in constituent stocks, and in the case of currency-exposed ETFs, investors should be aware of potential exchange rate fluctuation risks in the future."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.