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Finance

Samsung Asset Management defends single-stock leveraged ETF fees by stressing liquidity

Samsung Asset Management put fees for single-stock leveraged ETFs tied to Samsung Electronics and SK Hynix at the top end of the industry, drawing attention as issuers cut fees. The firm said investors should focus on liquidity, bid-ask spreads and cost savings from an in-kind creation and redemption structure. An executive said total fees and trading costs differ, and short holding periods make spreads more influential on returns than annual charges.

Finance

Regulators warn of risks ahead of leveraged Samsung Electronics, SK Hynix products listing

South Korea\'s financial authorities urged caution ahead of the listing of single-stock leveraged exchange-traded funds and exchange-traded notes linked to Samsung Electronics and SK Hynix. They said the products can amplify gains and losses twofold with a small investment and may not suit investors with low risk tolerance or limited understanding of investment risks. Authorities highlighted concentration risk, potential for large losses, compounding effects and price-NAV gaps, and noted mandatory online education and deposit requirements for new investors.

Finance

Samsung Electronics, SK Hynix single-stock leveraged and inverse 18 products to list on May 27

The Korea Exchange will list 18 single-stock leveraged and inverse products based on Samsung Electronics and SK Hynix on May 27, it said on Thursday. The lineup comprises 16 exchange-traded funds and 2 exchange-traded notes. The planned listing size totals 43.2 trillion won, including 41.2 trillion won for ETFs and 200.0 billion won for ETNs. The products track twice daily returns, and the exchange warned of higher risks than general ETFs and ETNs.