South Korea’s first ever single-stock leveraged exchange‑traded funds — tied to chip bellwethers Samsung Electronics Co. and SK Hynix Inc. — are set to debut as early as May, according to a local media report.
Major money managers Samsung Asset Management and Mirae Asset Global Investments are already preparing the products, the Maeil Business Newspaper reported, citing financial authorities and unidentified industry officials. Leveraged ETFs seek to deliver two or three times the daily performance of an underlying stock or index, magnifying both gains and losses.