Samsung Asset Management Co., a financial arm of South Korea‘s No. 1 conglomerate Samsung Group, said Tuesday it has listed an exchange-traded fund on the Tokyo Stock Exchange.
Samsung Asset said it has introduced the KODEX Samsung Group, one of its ETF product lineups that tracks a basket of affiliates under Samsung Group, to make the financial instrument more accessible to Japanese investors.
It marked the second time for the firm to tap the Japanese stock market, after Samsung Assets introduced the KODEX 200 in 2007, which compiles top 200 firms listed on South Korea’s main bourse.
An ETF refers to an investment fund traded on stock exchanges and represents a basket of stocks that reflect an index. It provides retail investors and institutions with a more liquid and risk-hedging tool. (Yonhap News)
