GlobalX and the Advancement of Korean ETF Market
Mirae Asset's subsidiary, GlobalX, has launched a U.S. natural gas ETF, capitalizing on the expanding U.S. LNG exports and increasing global demand. This strategic move aims to offer investment opportunities across the entire energy value chain. As the U.S. emerges as a hub for LNG exports, GlobalX seeks to leverage this expansion momentum to strengthen its market competitiveness.
The collaborative efforts of the Financial Services Commission and the investment industry have led to the introduction of listed public offering funds, with 'Kospi200 Index X-Class' and 'Champion Short-Term Credit X-Class' initiating trades on the market. This development allows previously over-the-counter public offering funds to be traded on the stock exchange, injecting new vitality into the passive-oriented ETF market. It is especially anticipated to provide new opportunities for small and medium-sized management firms and contribute to expanding market diversity. However, the high minimum setup amount remains a barrier to entry for these smaller firms, posing a challenge that needs addressing.
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