Samsung SK Hynix Leverage ETF will go public on 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 on Wednesday.<br /> According to documents released by the Korea Financial Services Commission and the Financial Supervisory Authority, eight asset management companies, Samsung Asset Management, Future Assets, Korea Investment, KB, Shinhan, Hanwha, Kiwoom and Asiana, will list on the South Korean stock market a total of 16 single leveraged and reverse ETFs based on Samsung Electronics and SK Hynix. In the future, asset securities will also launch two types of ETNs.