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Samsung Asset Management's Nasdaq 100 Covered Call ETF Hits 1 Trillion Won AUM
Finance · Investment Managers · yonhap_finance · 2026-09-02
Samsung Asset Management's KODEX US Nasdaq 100 Daily Covered Call OTM ETF has surpassed 1 trillion won in net assets, driven by strong retail demand.
What Happened
AUM Milestone: Samsung Asset Management announced that its 'KODEX US Nasdaq 100 Daily Covered Call OTM' ETF has exceeded 1 trillion won in net assets. Since its launch in January 2024, the fund has attracted significant inflows from individual investors.
Investment Strategy: The ETF employs a 100% covered call strategy using daily out-of-the-money (OTM) call options on the Nasdaq 100 index. This approach allows the fund to capture potential index gains while generating additional income through option premiums.
Profit Mechanism: By setting the strike price at 1% above the daily index level, the fund captures capital gains if the index rises within that range. This structure provides investors with a balance of potential daily price appreciation and consistent option premium income.
Market Reception: The firm attributes the fund's success to its intuitive profit structure based on a well-known benchmark index. The rapid growth of this ETF highlights the increasing popularity of covered call strategies among Korean investors.