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429990

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Analysis and statistics

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About

The financial product symbol 429990.KO refers to the KODEX KOFR Interest Rate Active ETF, managed by Samsung Asset Management in South Korea. This ETF aims to track the performance of the Korea Overnight Financing Repo (KOFR) interest rate. It essentially allows investors to gain exposure to short-term interest rate movements in the Korean financial market. Investors should review the fund's prospectus for detailed information on investment objectives, strategies, risks, and expenses before making any investment decisions.
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Factors

Underlying Asset Performance: The primary driver is the performance of the KOSPI 200 index which the ETF tracks. If the KOSPI 200 rises, the ETF's price generally increases, and vice-versa.

Supply and Demand: Increased demand for the ETF pushes the price up, while higher supply leads to price decreases. Trading activity influences this.

Expense Ratio: The ETF's annual expense ratio, while small, slightly reduces returns compared to the underlying index. Higher expense ratios mean less return.

Tracking Error: Deviation between the ETF's performance and the KOSPI 200 index. Less tracking error is usually better.

Market Sentiment: Overall investor confidence and risk appetite can influence ETF prices, even if the underlying index remains stable.

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