Timefolio Asset Management said on the 26th that the net worth (AUM) of its domestic active exchange-traded funds (ETFs) topped 5 trillion won.
According to the Korea Exchange (KRX) on the day, Timefolio Asset Management's total ETF net worth came to 5.0718 trillion won. It surpassed 4 trillion won on the 6th of last month, about 50 days ago. Among active ETF managers, Timefolio Asset Management is the first to reach 5 trillion won in net worth.
The company's flagship domestic product, the "TIME KOSPI Active" ETF, has risen about 120% over the past year, and the "TIME Global Top Pick Active ETF," which flexibly allocates assets in line with the flow of the global stock market, has also posted a double-digit gain since the start of the year.
Timefolio Asset Management launched its first ETF in May 2021 and has since managed 17 ETFs, including seven domestic and 10 overseas. Unlike passive products that simply replicate a benchmark index, Timefolio's active ETFs adhere to an active management approach in which managers directly select leading stocks and adjust weightings. The policy is to reduce risk and maximize revenue in a volatile market.
Kim Nam-ho, head of ETF management at Timefolio Asset Management, said, "Achieving 5 trillion won in net worth in Korea with active ETFs alone goes beyond simple external growth and is meaningful in that it signals a paradigm shift in the ETF market from passive to active."