Korean retail investors continue to be active purchasers of overseas listed ETFs in December
Press Release
LONDON — January 23, 2024 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that in the month of December, 26 of the top 50 overseas securities purchased by Korean retail investors were ETFs listed in the United States and Japan. The number of ETFs on the list is down by 2 from 28 in November, down by 5 from 31 in October and down by 1 from 27 in September* (All dollar values in USD unless otherwise noted)
Highlights
- 26 of the top 50 overseas securities purchased by Korean retail investors were ETFs listed in the United States and Japan
- Fourteen of the twenty-six ETFs provide leverage or inverse exposure.
- The largest purchase was US$1.06 Bn of the Direxion Daily Semiconductors Bull 3X SHS ETF listed in the US.
Top 10 overseas ETF purchased in December 2023
|
ETF Name |
Purchase Amount in USD |
|
DIREXION DAILY SEMICONDUCTORS BULL 3X SHS ETF |
1,064,994,615 |
|
DIREXION DAILY SEMICONDUCTOR BEAR 3X ETF |
691,667,498 |
|
DIREXION DAILY 20 YEAR PLUS DRX DLY 20+ YR TREAS BULL 3X SPLR 953438320 US25459W5408 |
451,288,967 |
|
PROSHARES ULTRAPRO QQQ ETF |
418,468,768 |
|
PROSHARES ULTRAPRO SHORT QQQ ETF |
327,482,050 |
|
PROSHARES TRUST II ULTRA BLOOMBERG NTURL (R/S) SPLR 948514771 US74347Y8701 |
172,888,423 |
|
DIREXION DAILY TSLA BULL 1.5X SHARES |
161,127,129 |
|
ISHARES 20+ YEAR TREASURY BOND ETF |
153,482,382 |
|
ISHARES 20+ YEAR US TREASURY BOND JPY HEDGED ETF |
118,223,640 |
|
DIREXION DAILY FTSE CHINA BULL 3X SHARES |
105,048,295 |
Source, Korea Securities Depository
The ETF industry in South Korea had 1,190 ETFs, with assets of $105 Bn, from 37 providers listed on the Korea Exchange at the end of December 2023. According to data from ETFGI, 27.5 percent of the ETF provide leverage or inverse exposure which account for 12.4% of the assets in the ETF industry in South Korea.
Looking at the global ETFs industry leverage and inverse ETFs account for 9.90% of the 11,869 products but only US$133.13 Bn of the US$11.63 trillion in assets under management at the end of December 2023.
ETFs industry South Korean asset growth as of the end of December
Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services.
The ETFGI Global ETFs Insights Summits are designed to provide the opportunity for traders, portfolio managers, and advisors at buyside institutional investor and financial advisors to have substantive and in-depth discussions around the impact that impact the use, trading, product development, due diligence, technological developments, suitability of various types of ETFs, as well as the impact market structure changes have on ETFs and mutual funds in the respective jurisdictions.
This event will bring together leaders from across the ETF industry, including ETF sponsors, exchanges, broker-dealers, institutional investors, regulators, and other market participants.
Free registration and CE credits are offered to buyside investors and financial advisors. There are speaker and sponsorship opportunities available.
|