Korean index fund idea needs work
Looks like an ETF, walks like an ETF...but is it an ETF?
The September 11 terrorist attacks have prompted many governments including South Korea to try and stabilize their equity markets. Among these is a Ministry of Finance and Economy (MoFE) proposal that had already been in the works, but is nowbeing pushed forward and will enable allow local investment trust companies and asset management firms to sell stock-index mutual funds.These products, known generically as exchange-traded funds (ETFs), will be listed on the Korea Stock Exchange o…
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