Seoul bourse to foster ETFs, ETNs for pension funds

SEOUL, Oct. 13 (Yonhap) -- South Korea's stock market operator said Thursday it will try to attract more institutional traders, especially pension funds, to invest in exchange traded funds (ETFs) and equity traded notes (ETNs).

"For the continued development of the ETF and ETN markets, a long-term and stable demand infrastructure is needed," Korea Exchange (KRX) CEO Jeong Chan-woo said in a speech at an international forum here on the investment tool.

The bourse will provide support for institutional investors to use ETFs and ETNs as an effective tool for a strategic investment portfolio, he added.

He added the KRX is prioritize protecting investors and enhancing transparency on related products.

The 7th Global ETF Conference opened with the theme of "New normal era and the fourth industrial revolution: ETF market's growth strategy."

The one-day forum was attended by hundreds of participants, including representatives from the Japanese, Taiwanese, Hong Kong, Indian and other foreign bourse operators, as well as overseas stock index firms.

lcd@yna.co.kr
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