KB Asset Management Launches ETF Tracking Nasdaq 100... "Advantage of Low Fees"

[Asia Economy Reporter Kum Boryeong] KB Asset Management has launched an exchange-traded fund (ETF) that tracks the Nasdaq 100 Index.

KB Asset Management announced on the 5th that it will list the 'KBSTAR US Nasdaq 100 ETF' on the 6th.

This product is an ETF that tracks the Nasdaq 100 Index. Notably, it boasts the lowest expense ratio (0.07% annually) among ETFs investing in Nasdaq worldwide. Compared to the representative US Nasdaq ETF QQQ (0.2%), it is about one-third the cost.

Investing in KBSTAR Nasdaq 100 ETF through a pension account offers tax benefits. When investing in domestically listed overseas ETFs via a pension account, dividend income tax on capital gains is not imposed.

The Nasdaq 100 Index is considered one of the major US indices alongside the Dow Jones and S&P 500. It consists of 100 large-cap, highly traded non-financial sector representative companies. As of the end of last month, there are a total of 14 ETFs investing in the Nasdaq 100 Index, with assets totaling 151 trillion KRW.

Among them, the Nasdaq ETF QQQ listed in the US has net assets of 145 trillion KRW and ranks second in ETF trading volume in the US market. In Korea, two products tracking the same underlying index are already listed.

Hong Yong-gi, Managing Director of KB Asset Management, said, "Through low fees, we will raise awareness of KBSTAR ETFs among domestic investors and develop KBSTAR US Nasdaq 100 ETF as a leading overseas index."