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459370

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1w
1m

Analysis and statistics

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About

459370.KO is the ticker symbol for the KODEX KOFR Interest Rate Active ETF listed on the Korea Exchange (KRX). This ETF aims to track the performance of the Korea Overnight Financing Repo (KOFR) interest rate. It essentially invests in short-term Korean won-denominated debt instruments, primarily repurchase agreements, and seeks to provide returns similar to the overnight repo rate. This makes it a tool for investors seeking exposure to short-term interest rate movements in South Korea.
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Factors

Underlying Asset Performance: The ETF's price directly reflects the performance of the assets it holds, primarily Korean stocks. Strong Korean stock market performance generally leads to a higher ETF price.

Supply and Demand: Increased demand for the ETF pushes the price up, while higher selling pressure decreases it. This is related to investor sentiment and fund flows.

Currency Exchange Rates: Fluctuations in the Korean Won (KRW) against other currencies can impact the ETF's price, particularly for international investors. A stronger Won increases the ETF's value.

Management Fees and Expenses: While not directly impacting the price intraday, these erode returns over time, influencing the long-term attractiveness and therefore indirectly the price of the ETF.

Geopolitical Events: Political instability or positive economic news in Korea or globally can influence investor sentiment and trading activity, affecting the ETF's price.

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