KoAct K Export Core Companies TOP30 Sells Out Initial 10 Billion KRW Allotment

Samsung Active Asset Management announced on July 11 that the initial allotment of the 'KoAct K Export Core Companies TOP30 Active ETF', which was listed on July 8, was completely sold out within two days.

The initial listing volume of the KoAct K Export Core Companies TOP30 Active ETF was 10 billion KRW, and all shares were sold by the second day of listing, July 9. As buying demand exceeded the initial allotment, the liquidity provider (LP) executed additional creations to meet investor demand. Over the two days following the listing, individual investors made net purchases of 5.6 billion KRW, while institutional investors made net purchases of 11.6 billion KRW. On the third day after listing, July 10, additional creations resulted in cumulative net purchases of 7.1 billion KRW by individuals and 26.4 billion KRW by institutions.

The KoAct K Export Core Companies TOP30 Active ETF is the first ETF in Korea to invest based on export-import data. It invests in companies with significant export growth by utilizing year-on-year (YoY) increases in monthly export-import data, which is calculated at the beginning of each month.

This is a domestic equity product that invests in key Korean export sectors such as K-defense, K-beauty, K-food, K-content, and K-pop, and is also available for investment through pension accounts. These industries are aligned with government policies aimed at fostering core export industries, so policy benefits are also anticipated. Samsung Active Asset Management selects sectors and stocks based on export data and incorporates SNS trends to enable investment in companies with improving exports ahead of earnings announcements.

The KoAct K Export Core Companies TOP30 Active ETF will be managed with stocks that can lead domestic export trends, leveraging Samsung Active Asset Management's robust corporate research capabilities and expertise in managing active products.

Seo Beomjin, head of the ETF Solutions Division at Samsung Active Asset Management, stated, "As the KOSPI surpassed 3,000, investors are becoming increasingly concerned about which sectors will lead the market," and explained, "We believe that the rapid depletion of the initial allotment was due to strong demand from investors seeking ETFs that align with the new government's policies and the earnings outlook for the second half of the year, with this demand concentrated from the very first day of listing."