Kiwoom Investment Asset Management announced on the 19th that the net assets of the "KIWOOM Korea Value Up ETF (496090)" exceeded 100 billion won as of February 12.
According to FnGuide, a financial information company, the ETF's returns as of the 13th were +36.65% since the beginning of the year, △+21.67% in the last month, △+41.97% in the last three months, △+93.36% in the last six months, and △+150.93% in the last 12 months.
Recently, expectations are growing in the domestic stock market to resolve the "Korea Discount" as the government's policy to revitalize the capital market and major companies' moves to strengthen shareholder returns. According to the Korea Exchange, the value-up index in Korea hit an all-time high of 2,330.71 points on Jan. 30, continuing a strong upward trend.
In particular, as major listed companies such as SK Hynix and Samsung Electronics announced plans to expand large-scale share buybacks, incineration, and cash dividends, analysts say that the corporate value enhancement policy is leading to an expansion of shareholder returns.
The KIWOOM Korea Value-Up ETF is a product that follows the KRX Korea Value-Up Index and invests in 100 companies with excellent qualitative indicators such as profitability, shareholder return, market evaluation, and capital efficiency among domestic listed stocks that meet market representation and liquidity requirements.
As of the 13th, △ SK Hynix (28.19%), △ Samsung Electronics (19.42%), △ Hyundai Motor (5.23%), △ KB Financial (4.07%), and △ Shinhan Holdings (3.37%).
The total remuneration rate is 0.009% per year, which has a very low cost structure among value-up ETFs of the same type. It is explained that the cost efficiency has been increased in that the difference in cost can affect the cumulative rate of return when making long-term investments.
Lee Kyung-joon, head of the ETF management division at Kiwoom Investment & Asset Management, said, "The policy to enhance corporate value is leading to structural changes, not short-term events," adding, "It will be a meaningful option for long-term investors in that they can invest in value-up strategies centered on large blue-chip companies at low pay."
