Samsung Asset Management's KODEX US Nasdaq 100 Daily Covered Call OTM ETF has surpassed 1 trillion won ($731.3 million) in net assets, roughly one year and 10 months after its listing on Oct. 22, 2024. Retail investors have net purchased 530.2 billion won ($387.7 million) of the fund this year. The ETF tracks the Nasdaq 100 and sells one-day-to-expiration, out-of-the-money call options each trading day, with strikes set about 1% above the daily index level. The strategy combines option-premium income and monthly distributions with limited participation in index gains, although returns can be capped when the Nasdaq 100 rises more than 1% in a day. The fund trades physical options directly in the U.S. market on the same day, which Samsung Asset Management said reduces time-zone-related operational constraints, improves execution accuracy and lowers unnecessary costs. Annual distributions are capped at 20%, or about 1.67% monthly, with excess premium income reinvested in the fund. Lim Tae-hyuk, senior managing director of Samsung Asset Management's ETF Management Division, said the product suits investors expecting moderate gains or sideways trading in U.S. stocks.