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407820

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1m

Analysis and statistics

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About

407820.KO represents the KODEX KOFR Interest Rate Actively Managed ETF, an exchange-traded fund listed on the Korea Exchange. This ETF aims to generate returns by investing primarily in Korean Overnight Financing Rate (KOFR) instruments. KOFR reflects the interest rates of overnight repurchase agreements in the Korean financial market, making this ETF a tool for investors seeking exposure to short-term Korean interest rates. The fund is actively managed, meaning the portfolio manager has discretion to adjust the holdings based on market conditions and investment strategy to potentially outperform a passive benchmark.
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Factors

Underlying Asset Performance: The performance of the securities held within the 407820.KO ETF directly impacts its price.

Supply and Demand: Higher demand for the ETF relative to supply drives the price up, and vice versa.

Market Sentiment: Overall investor confidence and risk appetite can influence ETF prices.

Expense Ratio: The ETF's management fees can indirectly affect its attractiveness and price.

Tracking Error: How closely the ETF follows its benchmark index affects its perceived value.

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