Half of the top 50 overseas securities purchased by Korean retail investors in March were ETFs

Press Release

LONDON — April 25, 2024 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that in March, 25 of the top 50 overseas securities purchased by Korean retail investors were ETFs listed in the United States, Japan. The number of ETFs on the list is up by 2 from 23 in February 2024, it remains the same with January 2024 and was down by 1 from 26 in December 2023.

Source, Korea Securities Depository. (All dollar values in USD unless otherwise noted)

 

Highlights

  • Fifteen of the twenty-five ETFs on the top 50 list provide leverage or inverse exposure.
  • The largest purchase was US$2.27 billion of the Direxion Daily Semiconductors Bull 3X SHS ETF listed in the United States. 

  • Half of the top 50 overseas securities purchased by Korean retail investors in March were ETFs

 

Top 10 overseas ETF purchased in March 2024

ETF Name

Purchase Amount in USD

DIREXION DAILY SEMICONDUCTORS BULL 3X SHS ETF

 2,273,062,854

DIREXION DAILY SEMICONDUCTOR BEAR 3X ETF

 734,088,682

GRANITESHARES 1.5X LONG NVDA DAILY ETF

 587,753,548

PROSHARES ULTRAPRO QQQ ETF

 405,890,198

2X BITCOIN STRATEGY ETF

 366,202,470

T-REX 2X LONG TESLA DAILY TARGET ETF

 316,829,214

PROSHARES ULTRAPRO SHORT QQQ ETF

 259,068,705

GRNTSHR 1.5X ETF

 245,206,568

DIREXION DAILY 20 YEAR PLUS DRX DLY 20+ YR TREAS BULL 3X SPLR 953438320 US25459W5408

 239,769,126

SCHWAB US DIVIDEND EQUITY ETF

 215,813,975

Source, Korea Securities Depository.  

 

The ETF industry in South Korea has 1,214 products with assets of $115 billion, from 37 providers listed on the Korea Exchange at the end of March 2024. According to data from ETFGI, 26.2 percent of the ETF provide leverage or inverse exposure which account for 11.3% of the assets invested in the ETFs industry in South Korea.

Looking at the global ETFs industry, leverage and inverse ETFs account for 9.72% of the 12,127 products but only US$141.65 Bn of the US$12.71 trillion in assets under management at the end of March 2024.

 

Asset Growth in South Korean ETF and ETP as of the end of March 2024

A graph with blue and green bars Description automatically generated

 

https://etfgi.com/sites/default/files/styles/feature_image/public/source_3.png?itok=sw3zyEon

 

Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services.

 

 

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Speakers will include (check our website for updates):   

 

Topics will include:   


In person:

  • Regulations and Listings in Mexico
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  • ETFs Update on the Use of ETFs in Chile, Colombia and Peru 
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  • Assessing the Opportunity for ETFs in Uruguay

 

The Summit is designed to facilitate a substantive and in-depth discussion on the market structure, regulatory, trading, and technological developments impacting the use of and opportunity for local, US domiciled and UCITS ETFs by various types of investors in Latin America.   Panels will discuss the current and future use of ETFs by various types of investors and the regulatory requirements for local ETFs, US domiciled and UCITS ETFs to be marketed, sold and bought in Mexico, Brazil, Chile, Colombia, Peru, Uruguay and Argentina.

The event is designed for financial advisors, institutional investors, brokerage firms and people that work in the ETF ecosystem locally and globally.

 

📍May 28th - at Bolsa Mexicana de Valores in Mexico City from 10:30am - 6:30pm including a drinks reception in partnership with CFA Society Mexico, Mujeres en Finanzas and Women in ETFs
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