Financial information firm FnGuide said on the 12th that the total net worth of exchange-traded funds (ETFs) managed on its own indexes topped 4.5 trillion won.
Buoyed by gains in the domestic stock market, the ETF market's total net worth increased by more than 5 trillion won in about a month and surpassed 350 trillion won in February. As money flowed broadly into the market, ETFs based on FnGuide indexes also expanded rapidly in size.
FnGuide surpassed 4.5 trillion won in net worth two weeks after topping 4 trillion won at the end of January. Considering it took about three months to expand from 3 trillion won to 4 trillion won, the recent pace of growth is faster than before.
Among products using FnGuide indexes as underlying assets, Mirae Asset Global Investments' "TIGER Semiconductor TOP10" ETF recorded the largest net worth, expanding to 5.7 trillion won as it added 1.2 trillion won this month. That is up 27% from the previous month and 101% from the end of last year. Samsung Asset Management's "KODEX AI Semiconductor" ETF also rose 179% from the end of last year, surpassing 2 trillion won in net worth.
A FnGuide official said, "As Korea's leading private index provider, we will further expand our role in the index infrastructure that underpins the growth of the ETF market."