Delisting Requested by Asset Managers Due to Decrease in Trust Assets
Redemption Proceeds to Be Paid If Held Until the End

On November 19, the Korea Exchange announced that it will delist two exchange-traded funds (ETFs) managed by Hanwha Asset Management and Shinhan Asset Management at the request of the asset management companies, due to a decrease in the principal amount of trust assets.


The ETFs to be voluntarily delisted are Hanwha Asset Management's "PLUS Emerging Markets MSCI Inverse (Synthetic H)" and Shinhan Asset Management's "SOL Europe Carbon Emissions Futures Inverse ICE (H)."


Korea Exchange, Yeouido, Seoul. Photo by Kang Jin-hyung

Korea Exchange, Yeouido, Seoul. Photo by Kang Jin-hyung

View original image

Trading of these ETFs will be suspended on December 18, and the delisting date is scheduled for December 19.


Investors holding these ETFs may sell them at prices quoted by the liquidity provider (LP) until December 17, prior to delisting.


If investors continue to hold the ETFs until the delisting date, redemption proceeds will be paid based on the net asset value (NAV) after deducting management fees and other expenses.


Hot Picks Today


The redemption payment date is scheduled for December 22 for "SOL Europe Carbon Emissions Futures Inverse ICE (H)" and December 23 for "PLUS Emerging Markets MSCI Inverse (Synthetic H)."


This content was produced with the assistance of AI translation services.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing