South Korea’s top financial regulator, the Financial Services Commission, will announce new measures on single-stock leveraged ETFs soon, its chief said on Thursday.
The regulator will “closely inspect and review improvement measures” on the ETFs soon, FSC Chairman Lee Eog-weon said in a radio interview on Thursday, when asked how the product affected the high volatility of South Korea’s stock market.
“This is basically a high-risk product,” Lee said. “We have explained to investors its risks.” The regulators are focusing on improving stability in the Korean stock market.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.