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256440

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1d
1w
1m

Analysis and statistics

  • Open
    8927.9727$
  • Previous Close
    8811.7222$
  • 52 Week Change
    --
  • Day Range
    116.25$
  • 52 Week High/Low
    --
  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

The financial product symbol 256440.KO on the Korean Stock Exchange (KRX) refers to the KODEX KOFR Interest Rate Active ETF. This Exchange Traded Fund (ETF) tracks the Korea Overnight Financing Repo (KOFR) interest rate, providing investors exposure to the overnight money market rates in South Korea. It is an actively managed ETF, meaning its portfolio composition may change based on the fund manager's investment strategy related to the KOFR rate. Investors use this ETF to manage cash positions, seek short-term interest rate returns, or hedge against interest rate fluctuations.

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Factors

Underlying Asset Performance: The primary driver is the performance of the stocks within the index tracked by the ETF.

Supply and Demand: High demand increases the price, while increased selling pressure lowers it.

Market Sentiment: Overall investor optimism or pessimism influences trading activity and therefore the price.

Interest Rates: Rising rates can make bonds more attractive, potentially decreasing demand for equity ETFs.

Economic Conditions: Macroeconomic factors like GDP growth, inflation, and unemployment rates impact stock values.

Currency Fluctuations: Changes in the Korean Won's value against other currencies can affect returns for foreign investors.

Management Fees and Expenses: The ETF's expense ratio can slightly reduce returns compared to the underlying index.

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