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This Wednesday, South Korea is poised to roll out its inaugural batch of single-stock leveraged exchange-traded funds (ETFs) that are tied to semiconductor behemoths Samsung Electronics and SK Hynix. These ETFs will provide investors with the opportunity to experience twice the daily price movement of the underlying stocks. As per the documents issued by the Financial Services Commission and the Financial Supervisory Service of South Korea, a total of eight asset management companies, encompassing Samsung Asset Management and Mirae Asset, are scheduled to list 16 single-stock leveraged and inverse ETFs on the South Korean stock market. These ETFs are all based on Samsung Electronics and SK Hynix and come with 2x leverage. Furthermore, Mirae Asset Securities is set to launch two categories of exchange-traded notes (ETNs).
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