Home Business & Finance Rotation From Leveraged ETFs Fuel 30% Jump in Korea Small Caps
Business & Finance

Rotation From Leveraged ETFs Fuel 30% Jump in Korea Small Caps

Key Points

Rotation From Leveraged ETFs Fuel 30% Jump in Korea Small Caps South Korea’s small-cap stocks are regaining investor interest after lagging larger peers for much of the year, as restrictions on leveraged exchanged-traded funds tracking heavyweight chipmakers shift money toward Kosdaq names. The Kosdaq index jumped as much as 6.8% on Monday, taking gains from its July 30 trough to more than 30%. The Korea Exchange briefly halted program buying for the gauge as Kosdaq futures surged, the third...

Rotation From Leveraged ETFs Fuel 30% Jump in Korea Small Caps South Korea’s small-cap stocks are regaining investor interest after lagging larger peers for much of the year, as restrictions on leveraged exchanged-traded funds tracking heavyweight chipmakers shift money toward Kosdaq names. The Kosdaq index jumped as much as 6.8% on Monday, taking gains from its July 30 trough to more than 30%. The Korea Exchange briefly halted program buying for the gauge as Kosdaq futures surged, the third such intervention this month.
Korea Small Caps Rotation (ORG) South Korea’s (LOCATION) Kosdaq (ORG) The Korea Exchange (ORG)
Originally published by Bloomberg Markets Read original →