이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
New KRX300 benchmark index starts futures, ETF trading
- Collected
- 2018.03.26
- Distributed
- 2018.03.27
- Source
- Go Direct
The KRX300 is composed of a total 305 firms, of which 237 are from the main Kospi and the remaining 68 from the tech-heavy Kosdaq.
Most of the country’s major asset managers have released funds tracking the new index, including Samsung Asset Management Co., KB Asset Management Co., Mirae Asset Global Investments Co., Hanwha Asset Management Co., HI Asset Management Co. and Shinhan BNP Paribas Asset Management Co.
The launch of the KRX300-based futures and ETFs is part of the Korean government’s ambitious plan to foster the growth of the Kosdaq market, which has been lagging behind the bigger Kospi market. Earlier this year, Seoul announced a package of measures including tax breaks and new index products to stimulate trading of Kosdaq stocks and boost the competitiveness of the second-tier market bourse.
“It is important to promote the Kosdaq market as it plays a vital role in nurturing high-growth firms,” said KRX Chairman Jung Ji-won. “Futures, options and other derivatives of the KRX300 would help elevate the status of Kosdaq, broaden investment options and create a more mature financial market.”
Kim Hak-soo, standing commissioner at the Securities and Futures Commission, advised institutional investors to offer a range of investment vehicles based on the KRX300 index to raise the appeal of the Kosdaq market.
By Jin Young-tae and Kim Hyo-jin
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]