Surge in Gold Investment: ACE KRX Gold Spot ETF Grows Significantly
Hanwha Investment & Securities' 'ACE KRX Gold Spot ETF' has seen a remarkable 325% increase in total net assets since the beginning of 2024. Reflecting a blend of environmental factors such as interest rate cuts and heightened geopolitical risks, the ETF has garnered substantial interest from individual investors. Individual net purchases reached 143.7 billion KRW, highlighting the allure of gold as a stable asset amid financial market turbulence.
The ETF tracks the KRX gold spot index and is noteworthy for having no rollover costs, which has contributed significantly to its appeal. Furthermore, it ranks first in yield among domestic listed commodity ETFs across various timeframes, boasting an impressive six-month yield of 23.31% and a one-year yield of 49.39%.
The 'ACE KRX Gold Spot ETF' is also available for investment through retirement pension accounts, with a 70% investment cap, along with offering tax credit benefits for long-term holding. The soaring international prices of gold have spotlighted gold as a hedge against inflation, further fueling investment growth.
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Korean Investment AM's ACE KRX Gold ETF Sees 325% Increase in NAV This Year - Market EconomyKorean Investment Management announced on the 28th that the net asset value (NAV) of its ACE KRX Gold Physical Exchange-Traded Fund (ETF) has increased by 325% this year. According to the Korea Exchange, the NAV of the ETF was only 109.5 billion won at the end of last year, but surged to 465.9 billion won as of the 25th. The increase over the past month alone amounts to 105.7 billion won. Investor interest is also continuing. Since the beginning of the year, individual net purchases of the ACE KRX Gold ETF amount to approximately 143.7 billion won. Examining individual investor net purchasing trends since June 21, except for just two days, September 9 and 10, there have been net purchases over a total of 82 trading days.
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'Skyrocketing Gold Prices' as ACE Physical Gold ETF Grows Rapidly…Net Assets Up 325% - SBS BizACE KRX Physical Gold ETF by Korea Investment Management, the only ETF listed on the domestic stock market that tracks physical gold from the Korea Exchange, has seen a sharp increase in net assets this year, buoyed by the rally in gold prices. On the 28th, Korea Investment Management announced that the net assets of the 'ACE KRX Physical Gold' ETF reached 465.9 billion won, showing a substantial increase from the end of last year (109.5 billion won).
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Korea Investment Management, 'ACE KRX Gold Spot ETF' Net Assets Increase by 325% By MoneyS - Investing.comKorea Investment Management, 'ACE KRX Gold Spot ETF' Net Assets Increase by 325%
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뉴스핌2024 10月 28
Hanwha Investment & Securities 'ACE KRX Gold Spot ETF' sees 325% increase in net assets this year - NewsPim[Seoul=NewsPim] Reporter Lee Yoon-ae: Hanwha Investment Management announced on the 28th that the net assets of the ACE KRX Gold Spot Exchange Traded Fund (ETF) have increased by 325% this year. According to the Korea Exchange, as of the 25th, the net assets of the ACE KRX Gold Spot ETF have increased by 325.44% in 2024.
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Gold Prices Surge, ETFs Also in Demand... Hanwha Investment & Securities Gold Spot Product Sees 325% Increase in Net Assets This Year - Digital TimesHanwha Investment Trust Management has reported that the total net assets of the 'ACE KRX Gold Spot Exchange-Traded Fund (ETF)' have increased by 325% this year...
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Hanhwa Investment Management's ACE KRX Gold Spot ETF sees 325% rise in net assets this year - DailyanHanwha Investment Management announced on the 28th that the net asset value of the 'ACE KRX Gold Spot' ETF (Exchange-Traded Fund) has increased by 325% this year. According to the Korea Exchange on the 25th, the net asset value of the 'ACE KRX Gold Spot' ETF has increased by 325.44% throughout 2024. The net asset value at the end of last year was about 109.5 billion KRW, but recorded 465.9 billion KRW as of the previous day.
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The Only 'Gold Spot ETF' in Korea Quadrupled in Size This Year - Financial NewsThe only gold spot exchange-traded fund (ETF) in Korea has grown more than fourfold just this year. This is attributed to the increased demand for representative safe assets during financial market volatility. According to the Korea Exchange on the 28th, the net asset total of ‘ACE KRX Gold Spot’ (as of the 25th) is estimated at 465.9 billion KRW. Last..
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Hantu Asset Management's 'ACE KRX Gold Spot ETF' sees 325% increase in net assets this year… Returns also ↑ - E-TodayKorea Investment Trust Management reported on the 28th that as a result of investors' interest in gold investment, the net asset value of the 'ACE KRX Gold Spot Exchange Traded Fund (ETF)' has increased by 325% this year
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Gold Prices Soaring... Korea Investment Management's 'ACE KRX Gold Spot' Net Assets Up 325% This Year - EdailyKorea Investment Trust Management announced on the 28th that the net asset value of its Exchange-Traded Fund (ETF), 'ACE KRX Gold Spot ETF', has increased by 325% this year. (Photo: Korea Investment Trust Management) According to the Korea Exchange, as of the 25th, the net asset value of the ACE KRX Gold Spot ETF has increased by 325.44% in 2024...
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