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391600

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    9742.7608$
  • Previous Close
    9795.0613$
  • 52 Week Change
    --
  • Day Range
    -52.30$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

391600.KO represents KODEX KOFR Interest Rate Active ETF, an exchange-traded fund listed on the Korea Exchange (KRX). This ETF aims to generate returns similar to the Korea Overnight Financing Repo (KOFR) interest rate, a benchmark representing the overnight interest rate in the Korean repo market. Essentially, it provides investors with a way to track and potentially profit from short-term interest rate movements in Korea.
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Factors

Underlying Index Performance: 391600.KO's price heavily relies on the performance of its underlying index, typically a Korean stock market benchmark.

Supply and Demand: Market dynamics influence the ETF's price. Higher demand relative to supply drives the price up, and vice versa.

Management Fees: Fees charged by the ETF manager impact returns and indirectly affect the price, reducing overall yield.

Dividend Distributions: Dividends paid by the underlying stocks are distributed to ETF holders and reflected in the price.

Currency Fluctuations: Changes in the exchange rate between the Korean Won and other currencies affect the ETF's value if it holds Korean assets.

Economic Conditions in Korea: Overall economic health in Korea, including GDP growth, inflation, and interest rates, impacts stock valuations and ETF price.

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