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Samsung Asset Management widens market share lead in ETFs

All News 08:56 January 10, 2018

SEOUL, Jan. 10 (Yonhap) -- Samsung Asset Management Co. increased its share of the local market for exchange traded funds (ETFs) last year, data showed Wednesday.

Samsung Asset Management's ETFs accounted for 53 percent of all ETFs worth 35.6 trillion won (US$33.2 billion) at the end of last year, according to the data by the Korea Exchange.

Samsung Asset Management's share of the local ETF market stood at 50.2 percent in 2016 and 50.1 percent in 2015.

Samsung Asset Management widens market share lead in ETFs - 1

Second-ranked Mirae Asset Global Investments Co. saw its share of the local ETF market slightly rise to 22.7 percent last year.

KB Asset Management also saw its share of the market edge up to 8.4 percent last year, according to the data.

An ETF refers to an investment fund traded on stock exchanges and represents a basket of stocks that reflects an index, which provides retail investors and institutions with a more liquid and risk-hedging tool.
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