April 24, 2024
Finance
Net asset value of ETF’s in Korea tops W25tr
[THE INVESTOR] South Korea’s exchange-traded fund market expanded sharply in 2016, with the total net asset value touched 25.1 trillion won (US$21 billion) for the first time, the country’s bourse operator said on Jan. 5.
The Korea Exchange reported that the nation’s ETF market achieved growth in both size and quality last year.
The net asset value of local ETFs grew by 16.1 percent from a year earlier. Sixty-six new products were introduced during the year, pushing up the total number to 256.
The daily average turnover jumped 13.5 percent on-year to 790 billion won at the end of last year.
Based on that performance, the ETF market is expected to evolve into a “comprehensive asset management market” and play a role as a major investment vehicle, the KRX said.
It added that the net asset value of ETFs here is projected to grow to around 30 trillion won this year.
(theinvestor@heraldcorp.com)
The Korea Exchange reported that the nation’s ETF market achieved growth in both size and quality last year.
The net asset value of local ETFs grew by 16.1 percent from a year earlier. Sixty-six new products were introduced during the year, pushing up the total number to 256.
The daily average turnover jumped 13.5 percent on-year to 790 billion won at the end of last year.
Based on that performance, the ETF market is expected to evolve into a “comprehensive asset management market” and play a role as a major investment vehicle, the KRX said.
It added that the net asset value of ETFs here is projected to grow to around 30 trillion won this year.
(theinvestor@heraldcorp.com)
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