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147970

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Analysis and statistics

  • Open
    43630.3993$
  • Previous Close
    43933.5494$
  • 52 Week Change
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  • Day Range
    -303.15$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
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  • Beta
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  • Volume
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About

147970.KO is the ticker symbol for the TIGER AI Korea NY Fang Plus ETF, listed on the Korea Exchange (KRX). This Exchange Traded Fund (ETF) seeks to track the performance of an index composed of companies related to artificial intelligence and focusing on Korean companies and the “NY Fang Plus” group of technology companies. The fund is managed by Mirae Asset Global Investments Co., Ltd. and allows investors to gain exposure to a basket of stocks within the AI sector and prominent tech firms through a single investment vehicle.
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Factors

Underlying Asset Performance: The ETF's price closely mirrors the performance of its underlying assets. If the assets increase in value, the ETF's price tends to rise, and vice versa.

Supply and Demand: Market demand for the ETF impacts its price. Higher demand can drive the price up, while increased selling pressure can lower it.

Expense Ratio: The ETF's expense ratio, the annual fee charged to manage the fund, indirectly affects its price by reducing returns over time.

Index Tracking: The ETF aims to replicate the performance of a specific index. How closely it achieves this (tracking error) can influence its price relative to the index.

Market Sentiment: Overall investor sentiment towards the specific sector or asset class represented by the ETF can influence its price. Positive sentiment may lead to increased investment and higher prices.

Economic Factors: Broader economic conditions like inflation, interest rates, and economic growth can impact the value of the underlying assets and, consequently, the ETF's price.

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