Published On: Sun, Apr 3rd, 2011

USD Futures Inverse ETF To Be Listed on the Korea Exchange

KOSEF USD Futures Inverse ETF, which is designed in such a way that the net asset value moves inversely with the daily return of underlying asset, USD Futures, will be listed on April 1st, 2011 on the Korea Exchange (KRX).

Since the net asset value of this ETF increases when the value of Korean Won appreciates against US Dollar, when investing in the products exposed to risk of exchange rate volatility, this ETF can be used to effectively hedge against the exchange rate fluctuations.

KOSEF USD Futures Inverse ETF is the 11st ETF listed in 2011 and the total of 75 ETFs is now listed on the KRX

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