1. ETF 2009. 7. 22
2. ETF 2 www.kbam.co.kr www.kbam.co.kr 2 2
3. - 3 KOSPI200 KOSPI200 KTBINDEX : , KIS MKF : , , FnGuide
2009 2009 6 1 CHECK 3759 , MARKETPOINT 2851 www.kbam.co.kr 3
4. - 3 2009 9 0475-1112 (08-06) 2008.12.10 2011.12.10 4.75%
0550-1106 (08-03) 2008.06.10 2011.06.10 5.50% 0475-1403 (09-01)
2009.03.10 2014.03.10 4.75% 2009 12 0475-1112 (08-06) 2008.12.10
2011.12.10 4.75% 0475-1403 (09-01) 2009.03.10 2014.03.10 4.75%
0400-1206 (09-02) 2009.06.10 2012.06.10 4.00% www.kbam.co.kr 4
5. (KTBINDEX) - 1 2.4~2.8 (2.5 (2.5 2.4~2.8 (2.5) ETF Constant
Maturity () () T+1 T+1 3 3 12 ( ) 3, 6, 9, 12 ( ) 2009 2009 6 1
10,000p www.kbam.co.kr 5
6. ETF ETF ETF + + () () ) KStar () () : KTBINDEX MKF TBI 0.15%
~ 0.16% CU 10 ), PDF : 3 10 ( 1), 30,000 6,000 => 1CU : 30,000(
6,000) ETF ) T+1 ( ETF ) 100,000 50,000 ) 100,000 ( 50,000 ) 5 ETF
) T+2 ( ETF ) www.kbam.co.kr 6
7. ETF - PDF PDF KR1035017V67 0550-1106 1,000,000,000
KR1035017W33 0475-1403 1,000,000,000 KR1035017VC6 0475-1112
1,000,000,000 KRD010010001 5,487,613 1CU = 30,000 NAV PDF / 30,000
PDF T+2 NAV www.kbam.co.kr 7
8. ETF : : ( +) ETF : , ( ) = < , ( ) > = www.kbam.co.kr
8
9. ETF 9 www.kbam.co.kr www.kbam.co.kr 9 9
10. ETF Benchmark Tracking ETF ETF 3.50 3.00 2.50 2.00 1.50
1.00 0.50 0.00 2004/06/16 2005/07/21 2006/08/25 2007/09/29
2008/11/02 www.kbam.co.kr 10
11. ETF ETF (Lending) ETF (Lending) (Lending) ETF, ETF : 0.24 %
points(, ) ETF, ETF www.kbam.co.kr 11
12. ETF - : ETF, ETF ETF 3 5 ETF ETF NAV ETF NAV 3 ETF 3 , ETF
ETF NAV ETF www.kbam.co.kr 12
13. ETF - ETF ETF (Relative Value) ETF & www.kbam.co.kr
13
14. ETF - ETF ETF (Relative Value) ETF + ETF Carry 5 - 3 ETF +
ETF Carry 5 - 3 www.kbam.co.kr 14
15. ETF - ETF ETF ETF 2009-04-09 99,390 110.26 110.8 -0.54 -
2009-04-21 100,240 111.35 111.62 -0.27 27 ETF > Cash flow ETF +
200 () 218,000,000 22,052,000,000 ETF 24bp ETF -188,592,050 ETF
221,873 () 22,051,957,470 ( 24bp) ETF -1,739,990 2.41% CD 91
17,472,400 5,429,251 39,711,109 5.48% www.kbam.co.kr 15
16. ETF - ETF ETF vs ETF / , vs ETF / ~ ETF () () > 8-6 8-3
8-4 ETF ETF (10,000) ETF/ 09. 6. 1 10444.96 10654.84 10565.93
10555.24 10,550 5.24 - 09. 6. 2 10450.89 10659.82 10579.07 10563.26
10,553 10.26 -5.02 ETF/ 09. 6. 3 10446.35 10656.87 10572.48
10558.57 10,558 0.57 +4.67 ) ETF 1 www.kbam.co.kr 16
17. ETF Income Fund + Income 5 3 3 / Income 105.00 100.00 95.00
90.00 85.00 80.00 75.00 2004/06/16 2005/07/21 2006/08/25 2007/09/29
2008/11/02 www.kbam.co.kr 17
18. - - - - - - - - / Wrap Account - - - ETF - ETF - - -
www.kbam.co.kr 18
19. . : 23-2 (150-712) 23- (150- (150 : www.kbam.co.kr : 2167
8200 www.kbam.co.kr 19
LOAD MORE