Single-stock leveraged ETF listing 1a month and a half later, a test for investors as losses spread
The government-introduced Samsung Electronics and SK Hynix single-stock leveraged ETF 4shares 5month 27day of listing, all had fallen below their closing prices on the listing day after about a month and a half. Trading increased, but investor losses and a withdrawal of funds from the existing ETF market were confirmed, prompting the government to review the policy’s effectiveness.
The government-introduced single-stock leveraged ETF has been put to the test about a month and a half after listing. Investor losses and a withdrawal of funds from the existing ETF market were confirmed, so the government has begun reviewing the policy’s effectiveness.
The products were listed in 5month 27day, and Korea Exchange figures cover changes through 7month 10day.
Among the most actively traded Samsung Electronics and SK Hynix single-stock leveraged ETFs, all 4types’ share prices were below the closing price on the listing day. According to Korea Exchange data, TIGER Samsung Electronics Leverage fell by 25.8% and KODEX Samsung Electronics Leverage fell by 25.5%.
TIGER SK hynix Leveraged 22.1% fell, and KODEX SK hynix Leveraged 21.7% declined.
Although they were pushed below their listing prices, trading remained active. 7The average monthly trading volume 6compared with the previous month increased in all but TIGER Samsung Electronics Leveraged, in 3products.
At the same time, in the existing ETF market, an outflow of funds was observed from some products.
The government announced that it had belatedly begun reviewing policy effects. The scope of the review and the timing of any future measures were not disclosed separately.
Sources: 파이낸셜뉴스 증권
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