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Korea Exchange Adds Currency ETF

Woori Asset Management is seeking to list its first currency exchange-traded fund on the Korea Exchange.

Woori Asset Management is seeking to list its first currency exchange-traded fund (ETF) on the Korea Exchange, Mondovisione reports. The KOSEF USD Futures ETF will begin trading on the stock exchange from February 24, 2011.

Theportfoliotracks the price of nearest month contract of USD futures and rolls over every month. In the first two months of this year, five new ETFs, including KOSEF USD Futures ETF, were listed on the Korean bourse.

Click here for the story from Mondovisione.

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