Search results for Timefolio Asset Management
Finance
Korea ETF market nears 466 trillion won as asset managers compete more fiercely, internal controls in focus
South Korea’s listed exchange-traded fund market is expanding rapidly, intensifying market-share competition among asset managers. Total net assets stood at 465.98 trillion won as of May 12, with 1,108 ETFs listed. Samsung Asset Management led with 39.64 percent, followed by Mirae Asset with 31.69 percent. Mid-tier firms are focusing on active and theme-based ETFs. Regulators are also reviewing some ETF advertisements for potential internal-control lapses.
Finance
Public growth fund sales to start on May 22, backing unlisted firms and tech-special Kosdaq listings
South Korea will sell a public-participation growth fund to retail investors from May 22 to June 11, raising 600 billion won and adding 120 billion won in fiscal funding to total 720 billion won. The fund will allocate at least 60 percent to companies in 12 advanced strategic industries. At least 30 percent will go as new funding to unlisted companies and Kosdaq firms listed under a technology-special listing track, with limits on KOSPI exposure.
Finance
Foreign buying spurs Kosdaq active ETF debut as market shifts
Expectations are growing for a re-rating of South Korea\'s Kosdaq market as foreign investors who recently left the KOSPI pour into the secondary board amid government moves to tighten delisting rules. On March 10, the country\'s first Kosdaq active ETFs drew more than 1 trillion won in combined turnover on their debut. Active ETFs allow managers to pick stocks rather than track an index mechanically, and broader regulatory easing could further expand the market.
