KB Asset Management said the net assets of its RISE Korea Value-Up exchange-traded fund (ETF) have surpassed 1 trillion won ($740 million).
According to fund evaluator FnGuide on Tuesday, the net assets of the RISE Korea Value-Up ETF exceeded 1 trillion won as of the previous day. The fund posted returns of 39.65%, 92.11%, and 216.67% over the past three months, six months, and one year, respectively, ranking first among passive ETFs tracking the Korea Value-Up Index during those periods.
The RISE Korea Value-Up ETF tracks the Korea Value-Up Index, which selectively invests in premium Korean companies based on four criteria: profitability, shareholder returns, market valuation, and capital efficiency. The Value-Up Index is composed primarily of stocks that have been undervalued over the long term based on price-to-book ratio (PBR) and return on equity (ROE), and that participate in corporate value enhancement programs. The strategy focuses on companies with potential for medium- to long-term gains in corporate value.
The RISE Korea Value-Up ETF charges a total fee of 0.008% annually, the lowest in its category. It is structured to pay monthly distributions on the 15th of each month.
"At a time when investor interest in expanding shareholder returns and enhancing corporate value is growing, the RISE Korea Value-Up ETF has surpassed 1 trillion won in net assets based on its strong performance," said Yook Dong-hwi, head of KB Asset Management's ETF Product Marketing Division. "We will continue to provide a variety of solutions so that investors can effectively reflect the structural changes in the domestic stock market in their investments."
