KB Asset Management announced on July 23 that the combined net assets of its flagship US index ETFs, the 'RISE US Nasdaq 100 ETF' and the 'RISE US S&P 500 ETF', have surpassed 2 trillion KRW.
The 'RISE US Nasdaq 100 ETF' is a product that invests directly in the Nasdaq 100 Index, one of the leading indices in the United States. It targets around 100 top-cap technology stocks, including Apple, Google, Microsoft, Amazon, and Nvidia.
The 'RISE US S&P 500 ETF' is designed to track the Standard & Poor's (S&P 500) Index. The S&P 500 Index comprises 500 large-cap companies that represent the US stock market and accounts for approximately 80% of the total US stock market capitalization.
The 'RISE US Leading Index ETF' series is characterized by offering the lowest total expense ratios in Korea and is structured to be advantageous for long-term investment.
The total annual cost for investing in the 'RISE US Nasdaq 100 ETF' and 'RISE US S&P 500 ETF' is 0.0062% and 0.0047%, respectively. These are among the lowest fees for products tracking the same indices listed in Korea, and in particular, the management fee is virtually zero.
Currently, KB Asset Management operates a total of seven ETFs, including these two products, that invest in major indices in Korea, the United States, China, Europe, and Hong Kong, all at the industry's lowest fee levels.
To commemorate the RISE US Leading Index ETF surpassing 2 trillion KRW in net assets, KB Asset Management will hold a prize event until August 20.
A total of 3,000 customers who participate in the event will receive daily prizes. Customers who purchase and verify at least 10 shares of the US leading index ETFs in a single day will be eligible to receive pizza, chicken, Starbucks Americano, and other rewards. Additionally, customers who participate at least five times during the event period will have a chance to win extra prizes such as a Sony PlayStation 5 Pro and Baemin gift certificates.
No Areum, Head of the ETF Division at KB Asset Management, stated, "Surpassing 2 trillion KRW in net assets for the RISE US Leading Index ETFs is the result of our investor-centric low-fee strategy being positively received by the market," and emphasized, "We will continue to introduce differentiated ETF products to further promote long-term investment using pension accounts."
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