South Korea’s ETF boom loses steam as investors tire of volatility

Since late May, the single-stock leveraged ETF following SK Hynix has dropped to one third of its initial value, while another one tracking Samsung Electronics has lost half of its value. (Nikkei montage/Source photos by Yuki Nakao and Reuters) Single-stock funds issue sparks political controversy over claims it harmed investors' assets SEOUL — The South Korean stock market, which has been rocked in recent months by wild swings between euphoria and despair, is beginning to affect the political arena. At the center of it all is a single-stock leveraged exchange-traded funds (ETFs), which debuted about three months ago.

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