Samsung Asset Management said on Wednesday that cumulative retail net buying in its KODEX Money Market Active ETF reached 1.0018 trillion won as of Feb. 13. Net assets in the ETF stand at 7.8922 trillion won, the largest among money market ETFs listed in South Korea.

It has attracted more than 1.1298 trillion won since the start of the year, making it the domestically listed money market ETF with the biggest increase in net assets this year. The cumulative retail net buying of 1.0018 trillion won since listing is the largest among domestically listed parking-type ETFs.

With the Bank of Korea's policy rate at 2.50 percent a year, the ability to seek higher returns than general money market funds also led investors to buy, it said.

KODEX Money Market Active is posting the highest returns among domestically listed money market ETFs, with an annualised return of 3.36 percent over the past three months and 3.00 percent over six months.

Yoon Sung-in (윤성인), head of the short-term bond management team at Samsung Asset Management, said, "As uncertainty over monetary policy increases, inflows are continuing into parking-type short-term management products that provide stable returns." He added, "This product is quickly drawing funds from retail and institutional investors because it maintains strong returns while avoiding bond interest-rate volatility."