Samsung Asset Management noted on the 21st that the revenue of the securities sector exchange-traded fund (ETF) KODEX Securities reached 87.5% in the last three months, ranking first among all ETFs (excluding leverage and inverse).
During the same period, KODEX Financial High Dividend TOP10 Target Weekly Covered Call recorded 43.6%, marking the highest revenue among domestic covered call ETFs.
Thanks to the high revenue, the net worth also significantly increased. The net worth of KODEX Securities rose more than 10 times, from 37.8 billion won to 402.9 billion won in just three months. In particular, it increased by more than 302 billion won since the June presidential election.
The net worth of KODEX Financial High Dividend TOP10 Target Weekly Covered Call grew nearly twofold, from 216.7 billion won to 399.8 billion won in three months. Since the June presidential election, its net worth increased by more than 145.9 billion won.
The individual net purchases of the two ETFs also increased significantly after the election. With financial stocks rising, KODEX Securities and KODEX Financial High Dividend TOP10 Target Weekly Covered Call recorded individual net purchases of 130.8 billion won and 110.3 billion won, respectively, since June. During the same period, KODEX Securities recorded a bank net purchase of 58.5 billion won.
KODEX Securities tracks the KRX Securities Index, which is composed of companies representing the domestic securities industry based on market capitalization weighting. It belongs to a high-dividend ETF with a high proportion of financial-related stocks. The annual distribution rate is 4.4%.
KODEX Financial High Dividend TOP10 Target Weekly Covered Call is a monthly dividend covered call product that allows investment in leading domestic financial companies to enjoy both stock price increases and stable cash flow. It aims for a monthly dividend level of about 15% through the dividends of financial stocks and option premiums.
Lee Dae-hwan, a manager at Samsung Asset Management, said, "In the first half, the financial sector is expected to continue achieving record performance due to increased trading volume in the domestic stock market. Moreover, with additional policy benefits such as the amendment of the Commercial Act and the introduction of separate taxation on dividend income, investor interest in financial stock ETFs is expected to continue in the second half."