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381570

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--%
1d
1w
1m

Analysis and statistics

  • Open
    7538.9614$
  • Previous Close
    7523.7115$
  • 52 Week Change
    --
  • Day Range
    15.25$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

The ETF with the financial product symbol 381570.KO on the Korea Exchange (KRX) refers to the KODEX KOFR 금리 액티브 (합성) ETF. This ETF aims to track the Korea Overnight Financing Repo (KOFR) rate, which is a benchmark interest rate reflecting the overnight repurchase agreement market in South Korea. It employs an active investment strategy combined with synthetic replication to closely mirror the performance of the KOFR rate. Investors use this ETF to gain exposure to short-term interest rate movements in the Korean financial market, often for hedging or cash management purposes.

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Factors

Underline each "FactorName". Index Performance: The underlying index's movements directly impact the ETF's price. Positive index performance generally increases the ETF price, while negative performance decreases it.

Supply and Demand: Increased demand for the ETF relative to supply drives the price up, while increased supply relative to demand pushes the price down. Trading activity influences this.

Market Sentiment: Overall investor optimism or pessimism regarding the assets held by the ETF can affect buying and selling pressure, thus changing the ETF's price.

Expense Ratio: Higher expense ratios can slightly reduce the ETF's overall return over time, indirectly affecting its price compared to similar ETFs with lower fees.

Currency Fluctuations: Changes in the value of the Korean Won (KRW) relative to other currencies can influence the ETF's price, especially if it holds assets denominated in other currencies.

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