The Korea Exchange is planning to list a new exchange-traded fund (ETF), the Kyobo Axa Power K100 ETF on May 3, 2011, Mondovisione reports. The portfolio will be the first ETF based on the KOSPI 100 index that is composed of the top 100 stocks in terms of market capitalization in the KOSPI market.

The ETF will be tracking the underlying index of the KOSPI 100. The stock exchange has listed 28 new ETFs this year, which has increased the total listed number of ETFs to 92.

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