The Korea Exchange (”KRX”) would list more than 100 ETFs by next week.
Since introduction of first ETF in 2002, ETFs made an impressive growth, both in number of ETFs and product categories. With the listing of five new ETFs (TIGER S&P 500 Futures, TIGER Inverse KTB 3Y, TIGER Health Care, KODEX Silver Futures, and KOSEF Fundamental Large) on July 18, 2011, total number of ETFs listed on the KRX will be 100, covering 6 product categories, including Korean equities, foreign equities, fixed incomes, derivatives, commodities, and currency, thus satisfying various investors’ demands.
Aiming to become one of the world top 10 markets for ETFs, the KRX intends to make further efforts to promote the growth of ETFs by upgrading the market regulations and infrastructure, expanding the investor base and globalizing ETF lineups.