South Korea ETF Market Forecast to Grow 67% by 2011
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South Korea’s exchange-traded funds market is forecast to grow 67 percent in the next 12 months as the country’s bourse introduces products tracking raw materials, grains and corporate bonds, a stock exchange official said.
The value of ETF assets in South Korea, the fourth-biggest market for the products in Asia, may expand to about 10 trillion won ($8.8 billion) by 2011, according to Park Seong Rae, executive director of the Kospi market division at Korea Exchange Inc. That compares with 5.99 trillion won currently, bourse data show.