Korea ETF pioneer issues rare warning on single-stock leveraged ETFs

Bae Jae-kyu, CEO of Korea Investment Management and widely regarded as the father of Korea's ETF market, urged investors to avoid single-stock leveraged ETFs despite his firm managing the products. The warning is highly unusual, marking a rare case of an asset manager publicly discouraging investment in products it offers. In a Facebook post Monday, Bae wrote, "People may criticize me for saying this, but I hope investors stop investing even now." "As the head of an asset manager that operates s