South Korea's top financial regulator is set to announce new measures for single-stock leveraged exchange-traded funds (ETFs) as authorities step up efforts to curb excessive market volatility and strengthen investor protection, Reuters reported.
Financial Services Commission (FSC) Chairman Lee Eog-weon said the regulator is closely reviewing the products and will soon introduce improvement measures for the fast-growing segment. The review comes amid concerns that leveraged ETFs linked to individual stocks have contributed to sharp price swings in the domestic equity market.