Samsung Asset Management announced on the 16th that it will newly list the KODEX Gold Active Exchange-Traded Fund (ETF), which invests in gold at international standard prices, on the 17th.
This product is an ETF that invests in international standard gold bullion and an ETF that invests in international gold-related financial products. It can be invested in stably without being affected by domestic price fluctuations known as "kimchi premium" because it follows the international gold standard prices certified by the London Bullion Market Association (LBMA).
Samsung Asset Management explained that KODEX Gold Active ensures the transparency and liquidity of transaction prices while reducing unnecessary purchase expenses by investing according to the internationally recognized standards certified by the LBMA.
In addition, when investing in the non-standard gold market, price opacity and transaction instability can cause a price gap of up to 20%, leading to errors in purchasing at prices higher than the international standard gold prices. However, this product eliminates the possibility of losses due to price gaps by investing in ETFs that track the LBMA international gold prices.
The total fee for this product is 0.3% per year. Samsung Asset Management said it has reduced the burden of expenses for investors to about 40% compared to existing gold bullion ETFs.
Shin Hyun-jin, a manager at Samsung Asset Management, noted, "In the face of ongoing global economic uncertainty, we are introducing a transparent and stable gold investment product that tracks international standard gold prices," and added, "We will eliminate kimchi premium risks and significantly reduce fees, providing individual investors with an opportunity to access the global gold market at more reasonable expenses."