Samsung SK Hynix leveraged ETF is about to be listed
Odaily reports that South Korea will launch a single-leveraged exchange-traded fund linked to semiconductor giants Samsung Electronics and SK Hynix this Wednesday, offering investors greater potential returns.
According to documents released by the Financial Services Commission and Financial Supervisory Service of South Korea, eight asset management companies — Samsung Asset Management, Mirae Asset, Korea Investment, KB, Shinhan, Hanwha, Kiwoom, and Hana — will list a total of 16 single-leveraged and inverse ETFs based on Samsung Electronics and SK Hynix on the Korean stock market. Mirae Asset Securities will also launch two types of ETNs.
This launch comes as South Korean investors are increasingly interested in overseas-listed leveraged products linked to local stocks, and regulators seek to draw retail trading activity back to the domestic market. Samsung Electronics and SK Hynix are the two largest companies in Korea and major beneficiaries of the continuously growing demand for AI-related chips.
South Korea has more than 14 million retail investors, and analysts expect demand for the new funds to be very strong amid surging AI-related investment. Net inflows into leveraged ETFs linked to Samsung and SK Hynix may reach as high as 5.3 trillion won. (Ke Chuang Ban Daily)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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