Core16, a resident company of Seoul Fintech Lab, a fintech startup incubation center operated by the Seoul Metropolitan Government, announced that it listed BOBP, an exchange-traded fund (ETF) developed using its own technology, on the New York Stock Exchange (NYSE).
ETF BOBP, introduced by Core16, selects market-leading stocks among large-cap U.S. stocks based on the 'Best of Breed Premier Index' and operates by rebalancing the portfolio every two weeks using artificial intelligence (AI) and quantitative algorithms. Unlike existing passive ETFs, it is characterized by strengthened strategic rebalancing and volatility management functions.
Cho Yoon-nam, CEO of Core16, said about this ETF, “The key is to proactively track the market by capturing stocks with a high probability of leading the market trend in advance and using a data-based timing strategy.” He explained, “BOBP is a product that combines quantitative models and AI technology to analyze real-time market data and automates investment decisions based on the results.”
BOBP ETF can be traded on the New York Stock Exchange from May 21, and domestic investors can access it through domestic securities companies in the manner of foreign stock trading. Detailed product information and rebalancing strategies can be found on the official website (core16etf.com).
Seoul Fintech Lab is a fintech startup support organization established by the Seoul Metropolitan Government, and operates various programs to enhance the global competitiveness of resident companies. In particular, it actively supports the overseas expansion of fintech startups through local investor connections, IR programs, and partnership matching in major global financial centers such as the U.S. and Singapore.
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