Samsung Asset draws record W2.4tr for Korea’s first single-stock leveraged products

Samsung Asset Management said Tuesday it will launch Korea’s first single-stock leveraged products tied to Samsung Electronics and SK hynix on Wednesday.

The firm said it will list the Kodex Samsung Electronics single stock leverage and Kodex SK hynix single stock leverage products, which aim to deliver twice the daily returns of the underlying shares.

The two products attracted a combined 2.4 trillion won ($1.6 billion) in assets under management ahead of launch, marking the largest-ever ETF pr ...