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457480

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1d
1w
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Analysis and statistics

  • Open
    15460.8828$
  • Previous Close
    15583.3329$
  • 52 Week Change
    --
  • Day Range
    -122.45$
  • 52 Week High/Low
    --
  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

457480.KO is the ticker symbol for the KODEX KOFR Interest Rate Active ETF, a financial product listed on the Korea Exchange (KRX). This ETF aims to provide investment returns that closely correspond to the performance of the Korea Overnight Financing Repo (KOFR) interest rate. KOFR is a benchmark rate that reflects the interest rates on overnight repurchase agreements traded in the Korean financial market. The ETF is actively managed and seeks to capitalize on changes in the KOFR rate, offering investors a way to gain exposure to short-term interest rate movements in Korea.
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Factors

Fund Holdings Performance: The underlying assets' (stocks, bonds) price fluctuations directly impact the ETF's NAV and market price.

Supply and Demand: Higher demand than supply drives prices up, while more sellers than buyers push prices down.

Market Sentiment: Overall investor optimism or pessimism affects ETF valuations, mirroring broader market trends.

Expense Ratio: Higher fees charged by the fund manager can slightly reduce the investment return, impacting price.

Index Tracking Error: Deviation of the ETF's returns from its benchmark index influences its perceived value and price.

Currency Fluctuations: If the underlying assets are denominated in a foreign currency, exchange rate changes will affect the ETF's price.

Interest Rates: Interest rate changes can impact the value of fixed income holdings within the ETF.

Economic Indicators: Macroeconomic data such as inflation, GDP growth, and unemployment can influence the performance of the underlying assets and the ETF.

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