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Samsung SK Hynix Leverage ETF to be listed this Wednesday
Mars Finance News reports, citing the Science and Technology Innovation Board Daily, that South Korea will launch a single-leveraged exchange-traded fund linked to semiconductor giants Samsung Electronics and SK Hynix this Wednesday.
According to documents released by the Financial Services Commission and the 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.