KOSEF USD Futures ETF, the first currency ETF listed on the Korea Exchange (KRX), will start trading from February 24, 2011.
KOSEF USD Futures ETF tracks the price of nearest month contract of USD futures (F-USDKRW) and rolls over every month.
The principal value of investment and unit price of KOSEF USD Futures ETF are KRW 10 billion and KRW 12,000, respectively.
It is expected that KOSEF USD Futures ETF would provide the retail investors and investors with small capital with the low risk and low cost investment tools for participating in USD currency market.
During the first two months of 2011, total of five new ETFs, including KOSEF USD Futures ETF, were listed on the KRX, thus raising the total number of listed ETFs to 69.
