JPMorgan said in a new report that the liquidation process tied to leveraged exchange-traded funds in South Korean equities has been completed, while hedge funds have finished 90% of their deleveraging. The bank added that some after-effects may still show up over the next few days. Even so, its overall view was that the market has regained investment appeal. The note was cited by Odaily in a brief update published on July 29. No additional figures or details on specific funds, positions, or timelines were disclosed in the source item.
JPMorgan said in a report that the liquidation process involving leveraged exchange-traded funds tied to South Korean equities has been completed, and that hedge funds have finished 90% of their deleveraging.
The bank added that the market may still see some residual effects over the next few days. Even so, it said the broader setup has become attractive for investment.
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