South Korea’s exchange-traded funds saw its net assets value jump 23.1 percent through October this year, data showed Monday, as more investors sought after safer investment destinations.
The combined net assets of ETFs in South Korea came to 18.78 trillion won ($17.62 billion) at end-October, compared to the 15.25 trillion won tallied at end-January, according to the data by the main bourse operator Korea Exchange.
The figure has continued to hover above the 10 trillion won mark since January 2012, when the combined assets of ETFs reached 11.2 trillion won.
An ETF refers to an investment fund traded on stock exchanges and represents a basket of stocks that reflect an index. It gives retail investors and institutions a more liquid and risk-hedging tool.
In contrast, the net assets of local equity funds came to 55.8 trillion won at end-October, falling 3.45 percent from the 57.8 trillion won tallied at end-January this year, the data also showed. (Yonhap News)
