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375760

$--
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1d
1w
1m

Analysis and statistics

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About

The ETF with the financial product symbol 375760.KO on the Korea Exchange (KRX) refers to the KODEX KOFR 금리 액티브(합성) ETF. This ETF aims to track the Korea Overnight Financing Repo (KOFR) interest rate, an overnight benchmark rate representing the general collateral repurchase agreement market in Korea. As an "active" ETF, it may deviate slightly from the index as the fund manager has discretion within defined parameters. The "(합성)" designation indicates it uses swap contracts to achieve its investment objective.
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Factors

Underlying Asset Performance: The ETF price directly reflects the collective performance of the stocks it holds, specifically those tracked by its benchmark index.

Supply and Demand: Increased investor buying pushes prices up, while selling pressure drives them down, regardless of underlying asset values.

Market Sentiment: Overall market optimism or pessimism towards the Korean stock market influences ETF trading and, therefore, its price.

Currency Exchange Rates: Fluctuations in the Korean Won versus other currencies affect the value for foreign investors, impacting demand and price.

Management Fees and Expenses: Higher expense ratios may slightly reduce returns compared to the underlying index, indirectly affecting its perceived value.

Tracking Error: Differences between the ETF's performance and the index it tracks can create price discrepancies.

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