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ETF Father Warns Against Single-Stock Leveraged ETFs; SK Hynix Falls 17.9% While Leveraged Product Drops 47.5%

2026-07-21 07:32:03

ACE-22.78%

Samsung Electronics6.14%

According to Economist, Bae Jae-kyou, CEO of Korea Investment Trust Management and widely regarded as the 'father of ETFs' in South Korea, publicly warned on July 20 to halt investment in single-stock leveraged and inverse ETFs, citing heightened volatility risks. He later deleted the post. Leveraged ETFs track daily returns multiples rather than cumulative returns over a period, creating a 'negative compounding' effect when underlying assets experience significant price swings. Data from May 27 to July 16 illustrates the issue: SK Hynix stock fell 17.9%, while the corresponding single-stock leveraged ETF declined 47.5%—exceeding simple 2x calculation (35.8%) by 11.7 percentage points. Korea Investment Trust Management operates ACE Samsung Electronics and ACE SK Hynix leveraged products; Bae recommended halting investment in his own company's offerings.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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In-Depth Analysis

President Lee Orders Swift ETF Measures Amid Market Instability

Lucas Bennett18h ago

Korea Investment & Trust CEO Warns Against Single-Stock Leveraged ETFs, Deletes Post

Lucas Bennett21h ago

Korea Investment Trust CEO Warns Against Single-Stock Leveraged ETFs

Lucas Bennett07-20 09:09

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