Watchdog chief expresses concerns over overheated single-stock leveraged ETF trading

The chief of the country's financial watchdog said Monday that the newly introduced single-stock leveraged exchange-traded funds has been generating many side effects, and his agency is drawing up measures to protect investors. In a press conference, Lee Chan-jin, governor of the Financial Supervisory Service said the overheated rush to the single-stock leveraged ETFs with underlying assets -- Samsung Electronics and SK hynix -- have shown extreme turnover since their introduction in late May. "

By The Korea Herald