Korea's bid to bring ETF money home falls short

South Korea's attempt to lure money back home by approving domestic single-stock leveraged exchange-traded funds has shown little impact: Korean investors continue to hold large positions in competing Hong Kong-listed products.

According to data released Tuesday by the Korea Securities Depository, Korean investors' holdings of Hong Kong-listed single-stock leveraged ETFs surged in May and remained elevated through June 21, even after Korea introduced competing products on May 27.

At the end of A ...