Korea Exchange announced on January 6 that three new exchange-traded funds, including the first active ETFs based on the KOSDAQ market, will be listed on the KOSPI market on January 10.
Samsung Active Asset Management's "KoAct KOSDAQ Active" tracks the KOSDAQ index as its benchmark. The active product primarily invests in stocks listed on the KOSDAQ market.
Timefolio Asset Management's "TIME KOSDAQ Active" also uses the KOSDAQ index as its benchmark and primarily invests in KOSDAQ-listed stocks. With both asset managers launching KOSDAQ active ETFs on the same day, the two firms are set for a head-to-head competition.
KB Asset Management's "RISE China AI Semiconductor TOP4 Plus" is a passive ETF that focuses on semiconductor-related stocks among companies listed in China and Hong Kong. The fund invests in companies with the largest market capitalization across four sub-sectors: semiconductor foundry, AI semiconductors, optical communication modules, and materials and equipment.
Newly listed stocks are included in the index one trading day after listing. When a KOSPI-listed stock transfers to the KOSDAQ market, it is immediately included on the new listing date. All three products are priced at 10,000 won per unit.