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Horizons KOSPI 200 ETF becomes lowest-fee Korean ETF in Hong Kong


The Horizons Exchange Traded Funds Series is to reduce the fees of the Horizons KOSPI 200 ETF by over 85 per cent with immediate effect.

The management fee of the KOSPI 200 ETF will be lowered from up to 0.35 per cent per annum to up to 0.05 per cent per annum, and the total expense ratio (TER) will be reduced accordingly from an estimated 0.6 per cent per annum to 0.29 per cent per annum.
The KOSPI 200 ETF will offer the lowest fees amongst Korean index ETFs in Hong Kong that have management fees and TERs averaging 0.40 per cent and 0.58 per cent respectively. Its TER will now become the fourth lowest amongst all equity ETFs listed on the Hong Kong Stock Exchange.
“To continue with our strategy to provide cost-efficient passive products for investors, we’re pleased to announce a significant reduction in fees of the Horizons KOSPI 200 ETF that will enable it to deliver substantial cost savings to investors while offering them precision index tracking and providing results that closely correspond to the performance of the KOSPI 200 Index. The Horizons KOSPI 200 ETF is nearing the third anniversary of its launch and this is a great way to mark the occasion,” says Laura Lui, head of ETF at Mirae Asset Global Investments (Hong Kong) Limited, the manager of the Horizons ETFs Series.
The KOSPI 200 Index, an index based on 200 blue chips listed in South Korea, is widely used as a benchmark index for various index funds and equity-linked securities. The KOSPI 200 Index is also one of the most diversified indices among major markets in the Asia Pacific ex-Japan region. Korea is ranked number one in terms of year-to-date annual net inflows of global equities into emerging Asia and number two for all of Asia.
“Fund flows to North Asia have increased dramatically over recent months. The KOSPI 200 ETF, which has received approval from Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA), provides investors with transparent and efficient access to one of the most dynamic markets in Asia through one of the most liquid, established and widely-recognised in South Korea,” says Lui.
On 17 June 2013, the Horizons ETFs Series launched the Horizons MSCI China ETF and Horizons Hang Seng High Dividend Yield ETF.

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