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By Anna J. Park
Korea s very first stock-based active exchange-traded fund (ETF) operated by human fund managers made its listing at the benchmark KOSPI market on Thursday. Samsung Asset Management s KODEX K-Innovation Active ETF is a hybrid of passive ETF and active fund products; 70 percent of its assets follow indices ― just as passive ETF products do ― while 30 percent of its investment items are freely picked up by fund managers.
According to Samsung Asset Management, the ETF invests 70 percent of its asset by tracking FnGuide s K-innovation index, and the remaining 30 percent is invested in dozens of stock items selected by its research center and fund managers.