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371450

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Analysis and statistics

  • Open
    11051.7043$
  • Previous Close
    10918.354$
  • 52 Week Change
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  • Day Range
    133.35$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
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  • EPS
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  • Beta
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  • Volume
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About

371450.KO is the ticker symbol for the KODEX KOFR 금리 액티브(합성) ETF (KODEX KOFR Interest Rate Active (Synthetics) ETF), a South Korean exchange-traded fund (ETF) managed by Samsung Asset Management. This ETF aims to provide investment returns that closely track the Korea Overnight Financing Repo Rate (KOFR), which is a benchmark interest rate representing the average overnight borrowing cost in the Korean repurchase agreement (repo) market. It is categorized as an actively managed fixed-income ETF, utilizing synthetic replication to achieve its investment objective. As a result, investors are exposed to the performance of the KOFR rate through swap agreements or other derivative instruments, instead of directly holding the underlying bonds.

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Factors

Underlying Index Performance: The primary driver is the performance of the index 371450.KO tracks. If the index rises, the ETF's price generally rises, and vice versa.

Supply and Demand: Market forces of supply and demand influence the ETF's price. High demand relative to supply can push the price up, while the opposite lowers it.

Net Asset Value (NAV): The NAV is the per-share value of the ETF's holdings. The market price should closely track the NAV, but discrepancies can occur.

Expense Ratio: While not directly affecting daily price fluctuations, a higher expense ratio slowly erodes returns, influencing long-term performance and indirectly affecting price.

Trading Volume and Liquidity: Higher trading volume and liquidity usually lead to tighter bid-ask spreads and more efficient price discovery.

Market Sentiment: Overall investor sentiment towards the market sector or asset class the ETF represents influences buying and selling pressure.

Economic Conditions: Broad economic factors like interest rates, inflation, and economic growth can affect the underlying assets and, therefore, the ETF's price.

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