[Digital Today reporter Oh Sang-yeop] Samsung Asset Management said on Jan. 29 that its KODEX Silver Futures (H) ETF posted a 50.5% return since the start of the year, ranking No. 1 in performance among all ETFs excluding leveraged products.
The ETF returned 48.0% over 1 month, 124.4% over 3 months, 170.4% over 6 months and 228.4% over 1 year, the highest among commodity ETFs listed in South Korea.
Retail investors are piling in as silver has topped $117 per ounce, setting a record high. Net buying by individual investors totaled 570.2 billion won since the start of the year, pushing net assets above 1 trillion won. Net assets now stand at 1.42 trillion won as of the close on Jan. 28.
Kim Sun-hwa (김선화), head of the ETF management team at Samsung Asset Management, said, "Silver has investment appeal as a safe-haven asset, and demand is expected to keep rising as it is an essential material for advanced industries."
Oh Sang-yeop
yub@d-today.co.kr