Search results for RISE ETF
Finance
Samsung Electronics, SK Hynix leveraged ETF launch nears as fee war begins
South Korea’s securities industry is set to list single-stock leveraged and inverse ETFs tracking Samsung Electronics and SK Hynix, triggering a competition among asset managers over fees. Eight managers plan to list 16 products on May 27, including 14 leveraged ETFs and two inverse ETFs, the first such listings in the country. Fee levels vary widely, but the products are geared toward short-term trading, making trading costs and market-making quality key considerations.
Finance
Stablecoin race for control spreads, KOSPI nears 7,000
Competition over global payment infrastructure centered on stablecoins is spreading across the financial industry. Hana Financial Group is moving to cooperate on blockchain-based remittances with Dunamu and POSCO International, while Visa is expanding its stablecoin pilot and adding five more blockchains. U.S. banks are calling for stronger in-house blockchain strategies, and Shinhan Card is expanding a Solana-linked proof-of-concept. Markets also remain strong, with the KOSPI holding above 6,600 and repeatedly hitting record highs.
Finance
KB Asset Management\'s RISE ETF AUM tops 30 trillion won, up more than 47 percent this year
KB Asset Management said on Tuesday its RISE exchange-traded funds have surpassed 30 trillion won in assets under management. The total rose more than 47 percent from 21.0866 trillion won at the start of the year. The company said strong demand for new products, including mixed ETFs and multi-theme active ETFs, helped drive growth. It highlighted a bond-mixed ETF launched in February that reached 1.49 trillion won.