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291680

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1d
1w
1m

Analysis and statistics

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About

291680.KO is the ticker symbol for the KODEX KOFR 금리 액티브 (합성) ETF, an exchange-traded fund (ETF) listed on the Korea Exchange (KRX). This ETF aims to track the Korea Overnight Financing Repo (KOFR) interest rate. It is an actively managed fund, meaning the portfolio managers make decisions to potentially outperform the KOFR rate. The term "(합성)" indicates that the ETF employs a synthetic replication strategy, likely using derivatives like swaps to achieve its investment objective instead of directly holding the underlying assets that determine the KOFR rate. This ETF is designed to provide investors with a tool to manage short-term interest rate risk and potentially earn returns linked to the overnight financing market in Korea.
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Factors

Market Sentiment: Overall investor mood impacts ETF demand, driving prices up or down.

Index Performance: 291680.KO tracks an index; its performance directly affects the ETF's price.

Supply and Demand: Higher demand than supply increases price; the opposite decreases it.

Fund Flows: Inflows (new investments) increase price; outflows decrease it.

Expense Ratio: Higher fees can slightly reduce returns, influencing price relative to similar ETFs.

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