South Korean Investors Suffer US$1.7 Billion Losses From Leveraged ETFs
The losses came from single-stock exchange-traded products tied to Samsung Electronics and SK Hynix, and regulators have since tightened rules.
7 Articles
7 Articles
Korean Investors Suffer $1.7 Billion Losses From Leveraged ETFs
Korean investors suffer US$1.7 bil losses from leveraged ETFs
(Oct 7): Retail investors are estimated to have lost 2.3 trillion won (US$1.7 billion) from leveraged exchange-traded products tracking South Korea’s two chipmaking giants in just months, according to a lawmaker’s office, in the first revelation of the magnitude of risks from such bets.
Although the parliamentary audit surrounding the introduction process of single-stock leveraged exchange-traded funds (ETFs) and the controversy over investor losses has begun in earnest, concerns are rising that the upcoming audit of the Financial Services Commission (FSC) will also be a "sham," as key figures were not selected as witnesses. Given that remarks were made during the Ministry of Finance and Economy audit the previous day stating …
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