Hantu Unyong ACE US Dividend Quality ETF, Continued Net Buying by Individuals Since Listing

[Financial News] Korea Investment Trust Management announced on the 27th that the net buying trend by individual investors in the ACE US Dividend Quality ETF series continues.
The ACE US Dividend Quality ETF series refers to three products newly listed on the 13th. The three products are the ACE US Dividend Quality ETF, and its modified versions, the ACE US Dividend Quality Bond Mix 50 ETF, and the ACE US Dividend Quality + Covered Call Active ETF.
According to the Korea Exchange on the 26th, individual investor funds flowed into the ACE US Dividend Quality ETF and the ACE US Dividend Quality + Covered Call Active ETF for 10 consecutive trading days among the three products. During this period, the total net purchase amount of the three products, including the ACE US Dividend Quality Bond Mix 50 ETF, reached 11.5 billion won. The ACE US Dividend Quality Bond Mix 50 ETF also recorded a net buying trend by individuals, except for just one trading day since its listing.
The ACE US Dividend Quality ETF series is a product introduced based on DGRW of the US asset management company WisdomTree. DGRW is a dividend growth stock ETF listed on the New York Stock Exchange in 2013. This ETF is characterized by pursuing an increase in total return (TR) by composing a portfolio centered on technology stocks with high potential for future dividend growth, while also reflecting quality factors such as profit growth rate to reduce volatility.
Among the three ETFs, the ACE US Dividend Quality ETF is known as the 'Korean version of DGRW', tracking the same underlying index as DGRW converted into Korean won. In addition, the ACE US Dividend Quality Bond Mix 50 ETF and the ACE US Dividend Quality + Covered Call Active ETF are characterized by mixing the ACE US Dividend Quality ETF with treasury bonds with a remaining maturity of less than two years and currency stabilization securities or domestic and foreign covered call ETFs. According to these characteristics, in defined contribution (DC) type retirement pensions and individual retirement pensions (IRP), the ACE US Dividend Quality Bond Mix 50 ETF can be invested up to 100%, and the other two products up to 70%.
Nam Yong-su, head of the ETF Management Division at Korea Investment Trust Management, explained, "The launch of the ACE US Dividend Quality ETF series is to expand the options for US dividend investment," adding, "Among domestic investors investing in US dividend products, there are various types, from those who pursue high distribution rates to those who want to increase long-term performance even if the distribution rate is slightly lower."   

koreanbae@fnnews.com Bae Hangul Reporter