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476800

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Analysis and statistics

  • Open
    4662.6099$
  • Previous Close
    4662.6099$
  • 52 Week Change
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  • Day Range
    0.00$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
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  • Beta
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  • Volume
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About

476800.KO is the ticker symbol for KODEX KOFR Interest Rate Active ETF, an exchange-traded fund (ETF) listed on the Korea Exchange. This ETF aims to provide returns similar to the Korean Overnight Financing Repo (KOFR) interest rate. The KOFR is a benchmark interest rate reflecting the overnight funding costs in the Korean repo market, making this ETF a tool for investors seeking to benefit from short-term interest rate movements in Korea. It typically invests in short-term Korean government bonds and other money market instruments to achieve its objective.
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Factors

Underlying Assets: 476800.KO's price heavily depends on the performance of its underlying assets, typically a basket of stocks. Strong earnings or positive news for these companies usually drive the ETF price up.

Supply and Demand: General market sentiment and investor demand for ETFs in the specific sector that 476800.KO tracks impact its price. Increased demand raises the price, while higher supply lowers it.

Net Asset Value (NAV): The NAV, representing the total value of underlying assets minus liabilities divided by outstanding shares, acts as a benchmark for the ETF's price. Deviations from NAV can occur due to market fluctuations.

Market Conditions: Broader economic factors like interest rates, inflation, and geopolitical events influence investor confidence and trading activity, affecting the overall stock market and subsequently the ETF's price.

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