Banks Earn Commissions of 5,500 Billion by Selling ETFs in the First Half of the Year
Major commercial banks generated 5,500 billion won in commissions from massive ETF sales in the first half of the year. Approximately 5 trillion won worth of ETFs were sold in just the months of 6 and 30, during which the KOSPI index dropped to 6,800 points.
Major commercial banks collected 5,500 billion won in commissions from large-scale sales of exchange-traded funds (ETFs) in the first half of this year. These sales were concentrated through bank branches.
According to reports, around 5 trillion won worth of ETFs were sold in the months of 6 and 30. During the same period, the stock market showed weakness, and some investors reportedly experienced losses.
Overall, the sales for the first half of the year are summarized as historic performance for the banks. It has also been noted that bank customers who generally prefer stable assets were not exceptions in this process.
The banks recorded commission income from ETF sales. The sales volume and total commission amount are figures based on internal counts from the financial industry.
Meanwhile, reports indicated that the KOSPI dropped to 6,800 points on certain trading days in response to the related market dynamics. This figure was mentioned in connection to the trading flow during the specified period.
The article included specific explanations on individual bank names, customer reactions, and the structure of sales channels. For detailed sales balances and customer profits and losses by company, one must check each bank's disclosures.
Sources: 매일경제 경제
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