FSS Governor Lee Chan-jin urges asset managers to curb exaggerated ETF ads

At a meeting with asset-management company heads, the Financial Supervisory Service governor called for more accurate ETF advertising and stronger internal review. A particular concern was the gap between the actual likelihood of including a specific IPO stock and the impression investors received from promotion built around that expectation.

A product's name or advertising alone does not establish that it will hold a particular asset. The central issue is how clearly managers disclose holdings, conditions, and risk information.