KODEX 200, which ranked second in total net assets at the beginning of January, has dropped two places. Earlier this year, KODEX 200 was the top-ranked ETF among equity investment types, but it has now given way to the US equity ETF TIGER US S&P 500. Additionally, TIGER KOFR Rate Active (Synthetic), KODEX Money Market Active, TIGER KOFR Rate Active (Synthetic), TIGER US Tech TOP 10 INDXX, and KODEX Comprehensive Bonds (AA- or higher) Active are also among the top 10 ETFs by total net assets.
This year, the ETFs that have seen the largest increase in net assets are either US equity or interest rate/bond types. TIGER US S&P 500 saw an increase of 4.127 trillion won, making it the largest gainer. The second place is KODEX Money Market Active with an increase of 3.7003 trillion won, and the third is KODEX CD Rate Active (Synthetic) with an increase of 3.2583 trillion won. KODEX US S&P 500 TR (1.9997 trillion won) and TIGER US Nasdaq 100 (1.7304 trillion won) followed.
On the other hand, KODEX 200, which tracks the KOSPI 200 index, has seen a decrease of 1.4297 trillion won in net assets this year. KODEX Samsung Group, which invests in Samsung Group stocks, saw a decrease of 277.9 billion won in net assets. RISE 200 and TIGER 200 also saw decreases of 214.2 billion won and 315.7 billion won, respectively.
The keywords leading the major ETFs with over 1 trillion won in net assets this year are US indices and parking types. In particular, funds have flocked to ETFs that track the US Standard & Poor's (S&P) 500 index or the Nasdaq index. This is interpreted as a continuous increase in investment in US equity ETFs as the US stock market has shown a boom this year.
There has also been a significant influx of funds into parking-type ETFs, which are investment products that can manage funds in the short term. The demand for ETFs utilizing money market funds (MMFs) that invest in certificate of deposit (CD) rates, Korean risk-free indicator rates (KOFR), short-term bonds, and commercial paper (CP) has greatly increased. KODEX Money Market Active, which was listed in August, surpassed 3.7 trillion won in net assets in about four months.
As the KOSPI continues to decline from the second half of this year and uncertainty persists due to the US presidential election, the demand for managing idle funds has increased.
As the domestic stock market remains sluggish, ETFs investing in large domestic stocks or secondary battery businesses have been expelled from the '1 trillion won club' they joined at the beginning of the year. TIGER TOP 10, which diversifies investments in the top 10 stocks by market capitalization, has seen its total net assets decrease to 930.8 billion won. TIGER Secondary Battery Theme and KODEX Secondary Battery Industry, which include secondary battery companies, also saw their net assets decrease to 902.9 billion won and 895 billion won, respectively.
[Reporter Jung Yoo-jung]
