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456600

$--
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1d
1w
1m

Analysis and statistics

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About

The ETF financial product with symbol 456600.KO refers to the KODEX KOFR Interest Rate Active (H) ETF, managed by Samsung Asset Management. This ETF aims to generate returns exceeding the Korea Overnight Financing Repo (KOFR) interest rate by actively managing its portfolio. It primarily invests in short-term Korean Won denominated debt instruments, aiming for a high degree of capital preservation while providing a return stream that closely tracks and potentially outperforms the overnight lending rate in Korea. The "(H)" in the name indicates that the ETF has hedging strategies in place to mitigate certain risks, potentially currency risks.
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Factors

Underlying Asset Performance: The primary driver is the performance of the companies included in the index tracked by the ETF. Higher stock prices increase ETF value.

Supply and Demand: Increased demand for the ETF relative to supply pushes the price up. Conversely, higher supply than demand lowers the price.

Market Sentiment: Overall investor optimism or pessimism significantly impacts ETF prices. Positive sentiment encourages buying, pushing prices higher.

Interest Rates: Changes in interest rates can influence investor decisions, affecting ETF demand and thus price. Higher rates may decrease demand.

Economic Conditions: Economic growth or recessionary trends can affect the underlying companies' performance, impacting the ETF's value.

Currency Fluctuations: For ETFs holding international assets, currency exchange rates influence the ETF's price in the investor's local currency.

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