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429740

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Analysis and statistics

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About

429740.KO represents an exchange-traded fund (ETF) listed on the Korea Exchange. Specifically, it is the TIGER US Nasdaq 100 TR ETF, managed by Mirae Asset Global Investments. This ETF aims to replicate the performance of the Nasdaq 100 Total Return Index, providing investors with exposure to a portfolio of 100 of the largest non-financial companies listed on the Nasdaq Stock Market. The fund is denominated in Korean Won and allows Korean investors to gain access to the US technology sector.
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Factors

Underlying Asset Performance: The ETF's price closely tracks the performance of its underlying assets, primarily Korean stocks. If those stocks rise, the ETF price typically increases and vice-versa.

Supply and Demand: Market demand for the ETF relative to its supply can impact its price. Higher demand leads to price increases, while greater supply can depress prices.

Investor Sentiment: Overall market sentiment towards Korean equities and the ETF's specific investment strategy influences buying and selling pressure, affecting its price.

Currency Fluctuations: Changes in the exchange rate between the Korean Won and other currencies (especially USD) can impact the ETF's value for international investors.

Expense Ratio: Although the expense ratio doesn't directly fluctuate the price, a high ratio can make it less attractive, potentially impacting demand and price indirectly.

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