Horizons ETFs Management (USA) has launched the Horizons Korea KOSPI 200 ETF (HKOR).
This is the first ETF listed in the U.S. that gives investors exposure to the KOSPI 200 Index, an important Korean equity index that holds 200 blue chip companies listed on the Korea Exchange, says the company.
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The KOSPI 200 is a free float-adjusted, market capitalization weighted index, which is comprised of 200 blue chip companies listed on the KRX. It uses factors such as market and sector representation and liquidity to determine stock weightings.
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HKOR is first country-specific ETF launched by Horizons ETFs in the U.S.