Kiwoom Asset Management said on the 27th that the total net worth (AUM) of its exchange-traded fund (ETF) brand "KIWOOM ETF" has surpassed 6 trillion won.
According to Korea Exchange (KRX), as of the 26th, KIWOOM ETF net worth was tallied at 6.1257 trillion won. This is an increase of more than 1 trillion won in about four months since it surpassed 5 trillion won in Oct. last year.
Since the start of the year, the top products by AUM growth have been ETFs that track key domestic market indexes, including "KIWOOM 200TR," "KIWOOM 200," "KIWOOM KOSDAQ150," and "KIWOOM Korea Value-up." With the government's capital market activation policies and corporations' continued push to expand shareholder returns, assets appear to have grown around flagship index products.
Recently, the domestic stock market has continued a steep rise. As the KOSPI index surpassed 6,000 points for the first time ever on the 25th, the ETF market's net worth also exceeded 378 trillion won.
Lee Kyung-jun, head of ETF Management at Kiwoom Asset Management, said, "In a rising phase for the domestic stock market, ETFs are establishing themselves as a major investment vehicle," and added, "We will continue management based on investor trust in line with changes in the market environment."