Samsung Asset Management "KODEX Korea Value Up Surpasses 200 Billion KRW in Net Assets Three Days After Listing"

Samsung Asset Management announced on the 7th that the KODEX Korea Value-Up ETF, a product related to the Korea Value-Up Program, surpassed 200 billion KRW in net assets just three days after its listing. This exchange-traded fund (ETF) was listed on the 4th of this month with net assets of 113 billion KRW. As of the closing price on the 6th, it reached 225.4 billion KRW, becoming the largest ETF of its kind.

The KODEX Korea Value-Up ETF is a passive product that tracks the Korea Value-Up Index, which consists of 100 stocks that have received excellent evaluations in areas such as profitability, shareholder returns, and market valuation, and actively pursue a ‘proactive shareholder return’ policy.

The Korea Value-Up Index has recorded a 2.64% return since the 4th, significantly outperforming the KOSPI200’s 0.92% during the same period, raising expectations for differentiated performance.

Currently, there are nine passive ETFs tracking the Korea Value-Up Index listed, so it is expected that investors’ choices will vary depending on each asset management company’s ability to accurately reflect the underlying index’s movements and provide ample liquidity to enable trading with low tracking error.

KODEX Korea Value-Up is managed to faithfully reflect the underlying index’s flow in line with the passive style, and has actually recorded a 2.64% return, the same level as the Korea Value-Up Index, since its listing. This performance is 0.05 percentage points higher than the average return of 2.59% of the nine similar passive ETFs, and 0.29 percentage points higher than the lowest.

Samsung Asset Management analyzes that investors are investing after confirming the high performance of the Korea Value-Up Index and the management flow of KODEX Korea Value-Up since its listing, and expects this trend to continue steadily.

Im Tae-hyuk, Executive Director and Head of ETF Management at Samsung Asset Management, said, “Since the Korea Value-Up Index is demonstrating differentiated performance compared to existing domestic indices, we expect investor interest in the Korea Value-Up ETF to increase further. For investors, especially those who wish to invest long-term in stable indices such as the S&P or Nasdaq, the Korea Value-Up Index can be a good choice. Therefore, we will manage the KODEX Korea Value-Up ETF to faithfully track the underlying index as a pure passive product and provide a rich liquidity environment.”