Korea pushes leveraged ETF trades away from market close

Financial Services Commission Chairman Lee Eog-weon on Tuesday urged asset managers to distribute single-stock leveraged ETF rebalancing throughout the trading day, seeking to curb sharp price swings caused by heavy orders near the close. “More active efforts are needed to stabilize the market,” Lee said at a meeting with investment industry officials in Seoul. Fund managers currently conduct much of their rebalancing between 3:20 p.m. and 3:30 p.m. to deliver twice the daily return of underlyin