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Korea, Taiwan to cross-list ETFs

[THE INVESTOR] South Korea and Taiwan will list their major exchange-traded funds on each other’s stock market later this week, Seoul’s bourse operator said on Oct. 5.

The Korea Exchange said an ETF tracking the country’s KOSPI 200 Index will be listed on the Taiwan Stock Exchange on Oct. 7, while another ETF based on the Taiwan Stock Exchange Capitalization Weighted Stock Index or TAIEX will be traded in the stock market here.

A related ceremony will be held on Oct. 7 at the KRX building in Seoul.

It’s a follow-up measure to a 2005 deal between the two stock exchanges to promote bilateral partnerships.

“It will provide domestic investors with an investment vehicle to access the Taiwanese equity market conveniently through the South Korean equity market, and vice versa,” the KRX said.

It added the two sides are pushing for the joint development of high-yield and IT-related indices.

(theinvestor@heraldcorp.com)
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