Korean ETF Manager Urges Phase-Out of Leveraged Products

Bae Jae Kyu, head of South Korea's sixth-largest asset manager, has called for investors to avoid leveraged and inverse ETFs and for these products to be gradually phased out of the market. The executive's stance suggests concerns about the risks these complex financial instruments pose to retail investors. This push for a phase-out reflects growing industry concerns about the dangers of leveraged products in volatile markets.