Investors Seeing Korean Bottom Return to Leveraged ETFs
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Investors are returning to funds that amplify the share performance of South Korea’s biggest companies and exiting funds that reward declines after stock valuations fell to the lowest level in more than five years.
Net assets of Samsung KODEX Leverage exchange-trade fund, the largest of four such ETFs, have climbed 74 percent to 2.9 trillion won ($2.7 billion) on Oct. 17 since the end of August, according to exchange data. Samsung Asset Management Co.’s bear-market equivalent has fallen 61 percent to 231 billion won in the same period.