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Korea Day Traders Pile Record Money Into Russia ETF Amid War

  • Buying by Korean retail investors hit $15 million on Friday
  • Those lured to high-volatility assets are buyers: Mirae Asset

Risk-loving Korean mom-and-pop investors piled a record amount of money into a Russia-linked exchange traded fund as it sank following the invasion of Ukraine, prompting the ETF’s operator to issue an alert. 

Retail buying in the Kindex MSCI Russia ETF surged to 18 billion won ($15 million) on Friday, a nearly 900-fold jump from a week ago, according to data from Korea Exchange. Overall, the Asian nation’s day traders bought an unprecedented net 24 billion won during the week through Feb. 25, the data show.