South Korea Market Review May 2020: new measures to control ETNs

Sales volumes, at KRW3.8 trillion (US$3.1 billion), were down 35%, compared to April. There was a noticeable turn from investors towards private banking structures, with 605 products worth KRW2 trillion available in that segment. Seventy-nine products were withdrawn early in May as they did not manage to accumulate enough sales – a 39% decrease from April. Fourteen of them were linked to an index basket, comprised of the Eurostoxx 50, Hang Seng China Enterprises Index and S&P 500.