KB Asset Management said on Tuesday that assets under management for its RISE ETFs have surpassed 30 trillion won. This lifted RISE ETF AUM above the 30 trillion won level, up more than 47 percent from 21.0866 trillion won at the start of the year.

KB Asset Management, which currently runs 137 ETF products, said new products such as mixed ETFs and multi-theme active ETFs have been successful, driving AUM growth.

The company said in particular that the RISE Samsung Electronics SK Hynix Bond Mixed 50 ETF, launched in February as the first of its kind in South Korea, quickly attracted funds. As of Tuesday, it had grown to 1.49 trillion won, the biggest growth among newly listed ETFs this year.

It is also evenly absorbing funds across products including stocks, bonds, short-term funds and value-up strategy products.

Yook Dong-hwi (육동휘), head of the ETF Product Marketing Division at KB Asset Management, said, "The RISE ETF surpassing 30 trillion won in net assets is the result of consistently introducing products that match investor demand." He said the company would continue to expand its lineup of strategic ETFs, including mixed, active and income types.