Korea Investment Management said on the 16th that the net asset value of the "ACE KRX Spot Gold" exchange-traded fund (ETF) has surpassed 3.5 trillion won.
ACE KRX Spot Gold ETF is a spot gold product first introduced by Korea Investment Management in 2021 among domestic asset managers. The underlying index is the "KRX Spot Gold Index," calculated and published by Korea Exchange (KRX), and as a spot product, it can be invested in up to 70% in defined contribution (DC) plans and individual retirement pensions.
According to Korea Exchange (KRX), as of the 15th, the net asset value of the ACE KRX Spot Gold ETF stood at 3.558 trillion won. It grew about 471% compared with 622.8 billion won at the end of last year.
The growth of the ACE KRX Spot Gold ETF is attributed to net buying led by individual investors. So far this year, individual investors have posted net purchases of the ETF worth 1.1349 trillion won.
Including net purchases by individual investors, total fund inflows reached 2.1927 trillion won. The fund inflows recorded by the ACE KRX Spot Gold ETF rank fifth among ETFs listed in Korea. The ACE KRX Spot Gold ETF has risen 59.41% from the end of last year.
Nam Yong-su, head of ETF management at Korea Investment Management, said, "Considering the U.S. Federal Reserve's rate cuts and gold demand from Central Bank in each country, gold prices are likely to keep rising in 2026," adding, "The ACE KRX Spot Gold ETF offers strong utility as a portfolio diversification tool."