Delisting of Four KIWOOM ETFs Announced
The Korea Exchange has announced the delisting of four exchange-traded funds (ETFs) managed by KIWOOM Asset Management. The delisting is scheduled for March 26, involving KIWOOM Global Future Mobility, KIWOOM US Industrial ETF, KIWOOM China Connect A50 MSCI, and KIWOOM Fn Genomic Innovation Technology. This decision stems from a reduction in the principal balance of the ETFs and a request by the asset manager. Investors are provided ample time to prepare for the closure, with trading set to be halted on March 25.
Investors can sell the stocks of these ETFs at the proposed bid prices from liquidity providers by March 24. After the delisting, the redemption payment, which factors in costs from the net asset value, will prevent financial losses for the investors. This step is part of the exchange's ongoing efforts to respond pragmatically to factors generated within the marketplace. This action might necessitate some portfolio reforms for market investors.
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Kiwoom Asset Management to Delist 4 Small-scale ETFs Next Month - Newspim[Seoul=Newspim] Reporter Yang Tae-hoon = The Korea Exchange announced on the 24th that it plans to delist four small-scale exchange-traded funds (ETFs) operated by Kiwoom Asset Management on March 26, following a request for delisting. The funds to be delisted include: ▲KIWOOM Global Future Mobility ▲KI
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Four Small-Scale ETFs by Kiwoom Asset to Voluntarily Delist Next Month - DailyanThe Korea Exchange will delist four small-scale exchange-traded funds (ETFs) with decreased principal amount, at the request of the asset management firm. According to the Korea Exchange on the 24th, the delisted ETFs include Kiwoom Asset Management's ▲KIWOOM Global Future Mobility ▲KIWOOM US Industry ETF STOXX ▲KIWOOM China Connect A50 MSCI ▲KIWOOM Fn Gene Innovation Technology. Trading suspension will be on the 25th of next month, followed by delisting.