Kiwoom Asset Management to Delist Five ETFs
Kiwoom Asset Management has announced plans to delist five of its exchange-traded funds (ETFs) due to a decrease in trust principal. The affected ETFs include 'KIWOOM Ritz Easy Active', 'KIWOOM KOSDAQ Global', 'KIWOOM Global Power Semiconductor', 'KIWOOM SK Group Representative Stocks', and 'KIWOOM Global Ritz Easy Active'. All these ETFs have principal amounts below 5 billion KRW, failing to meet the criteria for maintaining their listed status.
Investors have the option to sell their holdings at prices set by the liquidity provider before the delisting, and if they choose not to sell, they will receive redemption payments after deducting management fees from the net asset value. The redemption payment is scheduled for June 5. This move underscores the importance of maintaining economies of scale in the ETF market, as a decrease in trust principal can limit the operational sustainability of these funds.
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Five Kiwoom Asset Management ETFs to Delist on June 4th - Metro NewsKiwoom Asset Management will delist five ETFs due to a decrease in trust principal. According to the financial investment industry on the 5th, the Korea Exchange announced that it would delist five small ETFs on June 4th, following Kiwoom's request for delisting due to a decrease in trust principal.
'KIWOOM SK Group's Representative Stocks' and 5 Other KIWOOM ETFs to be Delisted - DailyanFive exchange-traded funds (ETFs) managed by KIWOOM Investment Asset Management will be delisted due to a decrease in trust principal amounts. According to the financial investment industry on the 5th, the Korea Exchange has requested the delisting of small-scale ETFs, resulting in five ETFs managed by KIWOOM Investment Asset Management to be delisted on the 4th of next month. The ETFs subject to delisting are 'KIWOOM REITS EGIS Active', 'KIWOOM KOSDAQ Global', 'KIWOOM Global Power Semiconductor'.