US Asset Managers Retreat From Korea-Linked Leveraged ETFs
5 Articles
5 Articles
US asset managers retreat from Korea-linked leveraged ETFs
U.S. asset managers are pulling back from leveraged exchange-traded funds (ETFs) tied to Korean companies, liquidating existing products and scrapping planned launches as a local stock market downturn dampens investor appetite, industry officials said Monday. Tradr ETFs, a brand of U.S. asset manager AXS Investments, decided on Oct. 20 to delist two funds offering leveraged long and short exposure to SK hynix's Nasdaq-listed American depositary …
(Seoul = Yonhap News) Reporter Jung Joo-ho = Two U.S.-listed leveraged exchange-traded funds (ETFs) linked to SK Hynix's stock price will be liquidated just over three months after listing.
Two exchange-traded funds (ETFs) tracking twice the daily fluctuation rate of SK Hynix stock in the U.S. have been listed approximately three months after their launch.
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