The Samsung SK Hynix Leveraged ETF will be listed this Wednesday

According to the Science and Technology Innovation Board Daily, South Korea will launch a single leveraged exchange-traded fund linked to semiconductor giants Samsung Electronics and SK Hynix this Wednesday.

Documents released by the Financial Services Commission and the Financial Supervisory Service of South Korea show that eight asset management companies, including Samsung Asset Management, Mirae Asset, Korea Investment, KB, Shinhan, Hanwha, Kiwoom, and Hana Financial, will list a total of 16 single leveraged and inverse ETFs based on Samsung Electronics and SK Hynix in the South Korean stock market. Mirae Asset Securities will also launch two types of ETNs.