ETFs & Mutual Funds
US Leveraged ETFs Keep Luring Korean Buyers as Tech Stocks Slump
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South Korean investors loaded up on US leveraged exchange-traded funds this week, continuing to plow into a popular trade amid a rout that has plunged the market into a correction.
Retail investors from South Korea put a net $519 million into three US leveraged ETFs between March 10 and 13, according to Bloomberg calculations from Korean depository data. They also invested $371 million directly into the shares of Tesla Inc., which have fluctuated wildly this week.