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496120

$--
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1d
1w
1m

Analysis and statistics

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About

496120.KO represents KODEX KOFR Interest Rate Active ETF, an exchange-traded fund listed on the Korea Exchange (KO). This ETF seeks to track the performance of the Korea Overnight Financing Repo (KOFR) interest rate, providing investors with exposure to short-term money market rates in South Korea. It is designed to offer returns similar to holding overnight repurchase agreements collateralized by government bonds, making it a low-risk investment option suitable for cash management and hedging purposes.
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Factors

Fundamentally, 496120.KO's price mirrors the performance of its underlying assets.

Market Sentiment: Broad market optimism or pessimism impacts ETF demand, influencing price.

Underlying Asset Performance: The collective value change of the stocks or assets it holds directly affects the ETF's NAV and price.

Supply and Demand: Higher demand pushes prices up; increased supply can lower them.

Expense Ratio: While not directly affecting daily price swings, higher fees can reduce long-term returns and influence investor appetite.

Index Tracking Accuracy: How well the ETF replicates its target index influences investor confidence and price alignment.

Trading Volume/Liquidity: Higher volume usually means tighter bid-ask spreads and easier trading, potentially affecting price discovery.

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