The ‘TIGER KEDI Innovative Enterprise ESG30 Exchange Traded Fund (ETF)’, which invests in 30 innovative companies directly selected by the CEOs of major companies, was launched on the 8th. The KEDI30 index, which is the underlying asset of this ETF, can be checked in real time at the data center of the Korea Economic Daily website (hankyung.com/kedi). Reporter Huh Moon-chan
Individual investors net bought 9 billion won worth of ‘TIGER KEDI Innovative Enterprise ESG30 Exchange Traded Fund (ETF)’ on the 11th. On this day, it ranked first in the ETF most bought by individual investors (excluding leveraged and inverse types). The trading volume and trading value recorded the highest ever since listing on the 8th. This ETF, launched by Mirae Asset Asset Management, tracks the stock index KEDI30 (KEDI innovative company ESG30) created by the Korea Economic Daily, the only index calculation agency among domestic media companies.
The TIGER KEDI30 ETF ended the day at 9985 won, down 1.67%. It fell the most since listing, but on the contrary, trading volume and trading value were the highest. On that day, the trading volume of the TIGER KEDI30 ETF was 1.64 million shares and the trading value was 16.4 billion won.
It was on the 8th, the date of listing, that the trading volume, transaction value, and individual net purchase amount were the highest. At that time, the trading volume was 1.49 million shares, the transaction value was 15 billion won, and the individual net purchase amount was 9.5 billion won. An official from the financial investment industry said, “There are many cases where ETFs are highly sought following on the day of their listing. Because the TIGER KEDI30 ETF invests in companies with great growth potential, it is interpreted that many investors bought it at a low price because they expected it to move upward in the long term.
The TIGER KEDI30 ETF was also ranked No. 1 in the ETF with the most net purchases by individual investors during the day. 2nd place was ‘TIGER US S&P 500’ (8.1 billion won), and 3rd place was ‘TIGER US Nasdaq 100’ (7.9 billion won).
Since the launch of the TIGER KEDI30 ETF, individual net purchases have recorded 27.79 billion won. Excluding leveraged and inverse types used to respond to market conditions, it was the second-largest ETF in cumulative net purchases during this period. 1st place was ‘TIGER China Electric Vehicle SOLACTIVE’ (79.05 billion won), and 3rd place was TIGER US S&P 500 (17.7 billion won).
On the same day, the KOSPI index fell 0.87% to close at 2747.71. The U.S. stock market fell the day before as U.S. consumer prices rose faster than expected and Treasury yields rose. Institutions net sold 387.9 billion won, while foreigners and individuals net bought 266.5 billion won and 106.3 billion won, respectively. The KOSDAQ index closed at 877.42, down 2.04%.
Reporter Lee Tae-hoon beje@hankyung.com
ⓒ Hankyung.com, unauthorized reprinting and redistribution prohibited
