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229720

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1d
1w
1m

Analysis and statistics

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About

The financial product with symbol 229720.KO refers to the TIGER US S&P 500 ETF, listed on the Korea Exchange (KRX). This ETF aims to replicate the performance of the S&P 500 Index, a widely recognized benchmark for large-cap US equities. It allows Korean investors to gain exposure to a diversified portfolio of leading US companies in a convenient and cost-effective manner, denominated in Korean Won (KRW). The ETF is managed by Mirae Asset Global Investments.
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Factors

Underlying Index Performance: 229720.KO's price heavily relies on the performance of the index it tracks. Positive index returns generally lead to higher ETF prices, and vice versa.

Supply and Demand: Market demand for the ETF itself influences its price. Increased demand can drive up the price, while increased selling pressure can lower it.

Net Asset Value (NAV): NAV is the per-share value of the ETF's holdings. Deviations between the ETF's market price and its NAV create arbitrage opportunities, keeping them relatively aligned.

Expense Ratio: The ETF's expense ratio, the annual fee charged to manage the fund, indirectly affects returns and thus can affect the long-term price trajectory compared to similar ETFs.

Market Sentiment: Overall investor sentiment towards the underlying asset class or the market in general can impact demand for the ETF and, consequently, its price.

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