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476690

$--
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1d
1w
1m

Analysis and statistics

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About

476690.KO represents the TIGER US High Yield Covered Interest Rate Exchange Traded Fund (ETF). This ETF, listed on the Korea Exchange (KO), aims to provide investment returns that track the performance of US high-yield corporate bonds while mitigating currency risk through currency hedging strategies. Specifically, it invests in a basket of US high-yield bonds and employs covered interest rate arbitrage to neutralize the impact of fluctuations in the Korean Won (KRW) against the US Dollar (USD). Investors seeking exposure to the US high-yield market with protection against currency volatility may find this ETF suitable.
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Factors

Supply and Demand: Increased demand pushes the price up; higher supply lowers it.

Underlying Asset Performance: 476690.KO's price reflects the performance of the assets it tracks. Rising asset values boost the ETF's price, while falling values reduce it.

Market Sentiment: Overall market optimism or pessimism affects investment decisions and ETF prices.

Expense Ratio: Higher fees can slightly reduce returns and potentially impact pricing.

Index Tracking Accuracy: How closely the ETF mirrors its benchmark index impacts its price relative to the index.

Interest Rates: Rising interest rates can make bonds less attractive, possibly reducing demand for bond ETFs.

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