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South Korean investors pour money into Japan-listed US ETFs

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South Korean investors are increasingly turning to Japan-listed currency-hedged exchange traded funds that invest in the US hoping to cash in on a trend that has seen the yen weaken against the dollar.

US-focused ETFs were listed among the top five most purchased Japanese stocks and funds by South Korean investors in the past three months but did not even appear in the list of the top 100 most popular products in the same period last year, according to Korea Securities Depository data.

Between August 19 and November 18, the Nikko Listed Index Fund US Equity Nasdaq100 ETF Hedged ETF was the second most popular product registering net inflows of $9.9mn, more than double the $4mn recorded in the preceding three months.

BlackRock’s iShares 20+ Year US Treasury Bond JPY Hedged ETF, which pulled in $7.3mn from Korean investors,…

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