Tuesday, April 25, 2017

Samsung Asset Management, next month on the 25th Codex Consumer ETF delisting



[Goyounghun financial newspaper reporter Korea - Samsung Asset Management decided to delisting the next month on the 25th Codex (KODEX) goods traded fund (ETF).

Korea Exchange said it will be delisted on the 25th of next month as apply for voluntary delisting of Samsung Asset Management for Oracle wonbonaek such as reducing the marketability KODEX Consumer ETF to decrease.

Samsung Asset Management sector ETF global industry classification, KRX Sector Index of while the KRX sector index (GICS) maintained a sector ETF lineup based index "KRX Consumer Discretionary Index, and the underlying asset, KRX Consumer Staples Index ' It was listed in March.

Samsung Asset Management official said, "and delisted the ETF product characteristics 'KODEX Consumer ETF' to be redundant."

The net of taxes and equity in net asset value maintenance for investors that hold the ETF to be delisted termination payments will be paid.



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