ETF activity increases in Asia
Exchange traded funds are about to make their debut in South Korea, while in Japan, investors will be offered a handful more ETFs made available by Barclays and State Street.
According to Dow Jones newswire reports, South Korean Deputy Prime Minister Jin Nyum Dwill has told financiers that the Korean Government will be developing regulations for the ETFs later in the year.
The South Korean Government is hoping the ETFs will help revive the local capital market. Jin says South Korea will be looking to foreign experts to create a suitable environment for investment banks.
According to a Reuter report, State Street Japan chief Eric Michel says the indexes have received wide acceptance among investors in Japan, and the firm will be seeking licensing agreements to use the indexes. Barclays will launch ETFs in Japan which track a number of indices.
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