KB Asset Management announced on the 14th that it has launched a new exchange-traded fund (ETF) 'RISE U.S. S&P 500 Yen Exposure (Synthetic H)' that invests in the U.S. benchmark index 'Standard & Poor's (S&P) 500 Index' using Japanese yen.

This product aims to pursue capital gains from U.S. stocks and the currency gains resulting from fluctuations in the yen's value simultaneously.

'RISE U.S. S&P 500 Yen Exposure (Synthetic H)' is managed through a synthetic method. Synthetic ETFs can best reflect the performance of complex underlying indices and maintain tight management of liquidity provider (LP) quotes, allowing for efficient management.

Another advantage is that investors can invest without the currency exchange process through existing stock accounts, including personal pension and retirement accounts. Without exchange fees, there is exposure to fluctuations in the won/yen exchange rate, allowing for additional revenue when the yen appreciates against the won.

Lee Soo-jin, head of ETF product marketing at KB Asset Management, noted, 'This product will be a very efficient option for investors looking to invest simultaneously in the S&P 500 Index, which represents the United States, and the Japanese yen, evaluated at a historically low level.'

'RISE U.S. S&P 500 Yen Exposure (Synthetic H)' is a performance-based dividend product whose past revenue does not guarantee future revenue, and capital loss may occur depending on management results.