##  [# ETF Watch: A Launch, A Split, A Relisting](/sections/daily-etf-watch/etf-watch-launch-split-relisting) 

 

# ETF Watch: A Launch, A Split, A Relisting

 

 

 The latest ETF to enter the market is a Korea-focused equity fund.



 

 

 

 

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[By ETF.com Staff](/contributors/etfcom-staff)

 Sep 30, 2016

 Edited by: ETF.com Staff

 

 

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AdvisorShares, the ETF issuer [known for its actively managed funds](https://www.etf.com/topics/advisorshares-etfs), launched this week an ETF focused on South Korea. The fund will join [seven other South Korea-focused ETFs](https://www.etf.com/Equity_South_Korea_Total_Market), the biggest of which is the [iShares MSCI South Korea Capped ETF (EWY)](https://www.etf.com/EWY), with $3.5 billion in assets.

The [AdvisorShares KIM Korea Equity ETF (KOR)](https://www.advisorshares.com/fund/kor) is subadvised by Korea Investment Management, South Korea’s “largest independent asset manager,” according to the company. The ETF invests primarily in growth stocks found among mid- and large-cap Korea-listed equities. KOR’s largest holding at inception is Samsung, at about 15% of the portfolio.

The ETF costs a net of 0.99% in expense ratio, which includes a fee waiver of 0.40%. That’s the highest price tag in this segment, except for a leveraged ETF that costs more.

**ETF Split**

State Street Global Advisors did a 2-for-1 split on the [SPDR Barclays International Treasury Bond ETF (BWX)](https://www.etf.com/BWX), effective Sept. 29. The split essentially doubles the number of outstanding shares of BWX—cutting the price of a single share in half, making them more affordable.

The fund tracks a market-value-weighted index of investment-grade fixed-rate foreign government bonds, and has $1.6 billion in assets. Shares of BWX Thursday were trading at about $29. The fund has gained nearly 12% this year.

**ETF Relisting**

Highland Capital Management has moved the primary listing of the [Highland iBoxx Senior Loan ETF (SNLN)](https://www.etf.com/SNLN) to Nasdaq. The ETF was originally listed on the NYSE Arca.

Launched in November 2012, SNLN has $441 million in assets under management.

*Contact Cinthia Murphy at* [*cmurphy@etf.com*](mailto:cmurphy@etf.com)



 

 

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