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133690

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Analysis and statistics

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About

The ETF with the ticker symbol 133690.KO on the Korea Exchange (KRX) refers to the KODEX KOFR 금리 액티브(합성) ETF. This exchange-traded fund aims to provide investment results that closely correspond to the performance of the Korea Overnight Financing Repo (KOFR) interest rate. It's an actively managed fund that utilizes a synthetic replication strategy, meaning it doesn't directly hold the underlying assets of the KOFR rate but uses derivatives, such as swaps, to achieve its investment objective. Investors use this ETF to gain exposure to short-term interest rate movements in the Korean financial market.

Factors

Constituent Stock Prices: 133690.KO's price closely mirrors the aggregate performance of the underlying stocks it holds.

Market Sentiment: Overall investor confidence and risk appetite significantly impact ETF demand and consequently, its price.

Supply and Demand: Higher demand relative to supply pushes the price up, while increased supply relative to demand lowers it.

Index Tracking Efficiency: How well the ETF replicates the performance of its benchmark index affects its pricing accuracy.

Management Fees and Expenses: Fees charged by the ETF provider reduce returns and can indirectly influence its attractiveness and price.

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