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418670

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1m

Analysis and statistics

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About

418670.KO is the South Korean stock ticker symbol for the KODEX KOFR Interest Rate Active ETF. This Exchange Traded Fund (ETF) aims to replicate the performance of the Korea Overnight Financing Repo (KOFR) interest rate. The KOFR rate represents the overnight repurchase agreement rate for financial institutions in South Korea, essentially reflecting the cost of short-term borrowing in the interbank market. Therefore, this ETF provides investors with exposure to very short-term interest rates in the South Korean financial system.
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Factors

Under 1200 characters. Underlying Asset Performance: The primary driver is the performance of the stocks within the KOSPI 200 index, which the ETF tracks.

Supply and Demand: ETF price fluctuates based on buying and selling pressure in the market.

Market Sentiment: Overall investor optimism or pessimism regarding the South Korean stock market impacts the ETF's price.

Currency Fluctuations: Changes in the value of the Korean Won (KRW) relative to other currencies affect returns for international investors.

Index Rebalancing: Periodic changes to the KOSPI 200 index composition can influence ETF holdings and price.

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