"High Performance and Even Tax-Free" Samsung Asset Management KODEX Target Weekly Covered Call 2 Types, Surpasses 1 Trillion Won in Net Assets

[Financial News]  The net assets of Samsung Asset Management's representative target covered call ETFs, 2 types, have surpassed 1 trillion won. It is analyzed that individual investors are focusing on domestic target weekly covered call ETFs that can participate in stock price rises due to the upward trend in the domestic stock market following the inauguration of the new government.
Samsung Asset Management announced on the 14th that the net assets of 'KODEX 200 Target Weekly Covered Call' recorded 727.4 billion won, surpassing 700 billion won in just over 7 months since its listing in December last year. This product aims to pay a distribution of about 17% annually by investing in the KOSPI 200, which represents the Korean stock market, while selling weekly call options on the stocks of these companies and the KOSPI 200 index.
While the buying trend of individual investors has continued steadily since the listing, on the 11th, the net purchase by individuals recorded 44.5 billion won, setting a daily record. This is the largest scale among the 43 covered call ETFs listed on the domestic stock market. The cumulative net purchase by individuals this year is 494.5 billion won, ranking first among covered call ETFs.
'KODEX Financial High Dividend TOP10 Target Weekly Covered Call' recorded 360.1 billion won in net assets, surpassing 300 billion won. This product allows participation in the stock price rise of major domestic financial companies while enjoying a stable cash flow by utilizing target covered calls.
Recently, as financial stocks such as banks and securities have recorded maximum performance, it is gaining popularity as it can actively participate in stock price rises and receive a distribution of about 15% annually. The return of KODEX Financial High Dividend TOP10 Target Weekly Covered Call since the beginning of the year is 50.3%, ranking first among all covered call ETFs.
In particular, as expectations for stock market stimulation have increased ahead of the presidential election, the net asset size of the two products has rapidly increased since the end of May. KODEX 200 Target Weekly Covered Call increased by 285 billion won since May 30, and KODEX Financial High Dividend TOP10 Target Weekly Covered Call increased by 97.8 billion won.
With the recent upward trend in the domestic stock market, it is interpreted that investment funds are steadily flocking due to advantages such as being able to participate in stock price rises, utilizing target covered calls to stably receive high monthly distributions in uncertain market conditions, and enjoying tax-free benefits on option premium income. A significant portion of the monthly distribution is tax-free option premium income. Premium income is not included in comprehensive financial income taxation and is tax-free, making it a suitable investment destination for high-net-worth individuals sensitive to taxes.
The rapid growth of the KODEX Target Weekly Covered Call 2 types is interpreted as reflecting the popularity of mid-month dividends. The distribution reference dates for the two products are set differently on the 15th of each month and the last business day, respectively, so if you invest in both products simultaneously, you can establish a cash flow twice a month.
Lee Dae-hwan, a manager at Samsung Asset Management, said, "With the upward trend in the domestic stock market, along with favorable market conditions for stock price rises such as value-up and commercial law amendments, it seems that individual net purchases are continuing for target weekly covered call products that can participate in stock price rises," and "It is a suitable ETF for investors who want to participate in stock price rises to achieve high returns while not missing out on stable cash flow and enjoying tax-saving benefits."




kakim@fnnews.com Kim Kyung-a Reporter