Net assets under management (AUM) at Korea Investment Management’s dividend-focused exchange-traded fund (ETF) ACE US Dividend Dow Jones have topped 1 trillion won. The “Korean version of SCHD” — which tracks the same index as the leading US dividend ETF, Schwab U.S. Dividend Equity (SCHD), while charging one-sixth of its fee — has drawn retail money amid volatile markets.
According to Korea Exchange data released on November 2, the ETF’s total net assets stood at 1.0066 trillion won (approximately $751.0 million) based on the October 30 closing price. Retail investors have net purchased 107.3 billion won (approximately $80.1 million) of the fund since the start of the year, and inflows have been steady enough that buying outpaced selling on every trading day since September except four.
Performance also leads among comparable products. Its three-year return of 57.33% ranks first…
