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319640

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1d
1w
1m

Analysis and statistics

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About

The ETF with the financial product symbol 319640.KO refers to the KODEX KOFR 금리 액티브(합성) ETF. This is a Korean Exchange Traded Fund (ETF) that seeks to replicate the performance of the Korea Overnight Financing Rate (KOFR) interest rate, using a synthetic replication method. It's designed to provide investors with exposure to the short-term money market interest rates in South Korea.
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Factors

Underlying Index Performance: The ETF's price closely mirrors the performance of its tracked index. Positive index returns typically increase the ETF's price, while negative returns decrease it.

Supply and Demand: Market forces of supply and demand directly influence the ETF's price. High demand tends to push prices up, while increased supply can lower them.

Net Asset Value (NAV): The NAV, representing the per-share value of the ETF's holdings, acts as a theoretical price floor. Deviations between the market price and NAV can create arbitrage opportunities.

Market Sentiment: Overall investor mood and outlook affect trading activity and the ETF's price. Positive sentiment drives buying pressure, while negative sentiment leads to selling.

Expense Ratio: The ETF's annual operating cost can subtly impact its price over time. Higher expense ratios reduce the returns passed on to investors, potentially affecting its appeal.

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