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464930

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Analysis and statistics

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About

The financial product symbol 464930.KO refers to the KODEX K-Growth ESG Active ETF, which is an Exchange Traded Fund (ETF) listed on the Korea Exchange (KRX). This ETF aims to track or outperform a specific ESG (Environmental, Social, and Governance) benchmark, focusing on Korean companies that demonstrate strong performance in these areas. The "Active" in the name suggests the fund manager has discretion in selecting investments within the ESG framework, rather than passively mirroring an index. This implies a potential for higher returns but also potentially higher risk and fees compared to passive ESG ETFs. Investors interested in Korean equities with an ESG focus may find this ETF suitable, but should conduct thorough due diligence on its specific holdings and investment strategy.
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Factors

Underlying Asset Performance: The price of 464930.KO, an ETF, primarily reflects the performance of the stocks it holds. Strong returns in these underlying assets typically lead to ETF price increases.

Supply and Demand: Market dynamics, particularly supply and demand for the ETF itself, directly impact its price. Higher demand relative to supply generally pushes the price up.

Index Tracking: 464930.KO aims to mirror a specific index. How closely it tracks that index influences its price; deviations can occur due to trading costs and management fees.

Market Sentiment: Broad market sentiment, influenced by economic news and events, affects investor appetite for the ETF and its underlying holdings, thus impacting its price.

Expense Ratio: The ETF's expense ratio, the annual fee charged to manage it, can subtly affect its overall returns and consequently its attractiveness to investors and its price.

Currency Fluctuations: If the ETF holds international assets, currency exchange rate changes between the local currency and the foreign one can impact the ETF's value and price.

Interest Rates: Changes in interest rates, especially within the economies where the ETF's underlying assets are located, can affect the valuations of those assets and thus the ETF's price.

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