KB Asset Management said on the 7th that the "RISE Korea Value-Up ETF" has surpassed 1 trillion won in net worth. It is the first among Korea Value-Up exchange-traded funds (ETF).
According to FnGuide, the RISE Korea Value-Up ETF's returns over the past 3 months, 6 months, and 1 year came to 39.65%, 92.11%, and 216.67%, respectively. It ranks No. 1 among passive ETFs that track the Korea Value-Up index during this period.
The Korea Value-Up index is a stock index released in Sep. 2024 by the Korea Exchange (KRX) that selected 100 domestic listed corporations with strong shareholder returns, revenue, and capital efficiency.
The index is composed around stocks that have been undervalued for a long time based on price-to-book ratio (PBR) and return on equity (ROE), focusing on those participating in corporate value enhancement programs. It pursues a strategy that focuses on the potential for medium- to long-term corporate value gains.
The Korea Value-Up index has delivered steady performance even amid escalating global trade disputes and a high-interest-rate environment, backed by the structural momentum of enhancing corporate value. As the government's "Corporate Value-Up Program" moves into the institutionalization phase, participating corporations' share buybacks and dividend increases have continued, which is a positive backdrop.
The product's total expense ratio is 0.008% per year, the lowest in its category. It pays monthly dividends on the 15th.
Yuk Dong-hwi, head of ETF product marketing at KB Asset Management, said, "We will continue to provide a range of solutions so investors can invest in ways that effectively reflect structural changes in the domestic stock market."