[Infostock Daily=Reporter Lee Ji-sun] Trust assets in the banking sector are flocking to the Exchange Traded Fund (ETF).
Sales of highly-level trust products that include derivatives are restricted, and ETF yields have soared due to the stock market's rise, making them a key product for certain money trusts.
In response, commercial banks are expanding their lineup of major growth industries such as secondary batteries and IT, and trust ETF products, which were limited to following the representative index, to alternative assets and overseas stocks.
According to the banking sector on the 26th, the trust ETF balance of the nation's top five banks, including KB Kookmin, Shinhan, Hana, Woori and NH Nonghyup Bank, rose 38.5% from 3.23 trillion won in January last year to 4.1571 trillion won as of Jan. 22 this year.
Currently, trust ETF products from commercial banks are lined up around major growth industries that are leading the rise in the local stock market.
In fact, secondary battery-related ETFs account for the largest balance among trust ETF products sold by Shinhan, Kookmin and Woori Bank.
The rechargeable battery ETFs listed on the local stock market are the COEX secondary battery industry, TIGER KRX2 battery K-New deal, and TIGER secondary battery theme (in order of market value), recording returns of 72.83%, 80.10%, and 68.41% over the past three months, respectively.
Reporter Lee Ji-sun stockmk2020@gmail.com
