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More ETFs add SK hynix ADRs as total holdings near 300 billion won

More ETFs add SK hynix ADRs as total holdings near 300 billion won

'KODEX U.S. Semiconductor' ETF Adds ADRs…Weight Approximately 4.8%

The photo shows SK hynix headquarters in Icheon, Gyeonggi Province on Sept. 16. / NEWS1 photo by  Kim Young-un
The photo shows SK hynix headquarters in Icheon, Gyeonggi Province on Sept. 16. / NEWS1 photo by Kim Young-un

Since SK hynix ADRs (American Depositary Receipts) were listed on the NASDAQ market, both domestic and foreign ETFs (exchange-traded funds) including them have increased. The amount of SK Hynix ADRs included in domestically listed ETFs is nearing 300 billion won.

Samsung Asset Management announced on the 21st that the 'KODEX U.S. Semiconductor' ETF newly added SK Hynix ADRs following a regular review of its underlying index.

This inclusion of SK Hynix ADRs in KODEX U.S. Semiconductor resulted from the September regular review of the underlying index it tracks, the 'MVIS US Listed Semiconductor 25 Index'. The weight added is approximately 4.8%.

A Samsung Asset Management official stated, "SK Hynix leads the memory semiconductor market, represented by HBM (high-bandwidth memory), which is most watched in the AI era." They added, "With this inclusion, KODEX U.S. Semiconductor now covers not only GPU (graphics processing unit), ASIC (application-specific integrated circuit) and other computing semiconductors, foundries, and semiconductor equipment, but also AI memory centered on HBM."

Since SK Hynix ADRs were listed on the NASDAQ market on July 10, domestic and foreign asset management companies have been including them in ETFs. The SMH (ticker symbol), the largest U.S. semiconductor ETF tracking the same index as KODEX U.S. Semiconductor, also added SK Hynix ADRs in line with this regular review. With net assets of approximately 70 billion dollars (about 97 trillion won), SMH ranks first among U.S.-listed semiconductor ETFs by net asset size. Consequently, funds flowing into SK Hynix ADRs are expected to increase.

Future Asset Management, KB Asset Management, Samsung Active Asset Management, Time Portfolio Asset Management, and Asset Plus Asset Management have also included SK Hynix ADRs in their respective ETFs.

According to KOSCOM's ETF Check on this day, the weight of SK Hynix ADRs in 'TIME Global AI Intelligence Active' is 4.61%. The inclusion weight of SK Hynix ADRs in 'Asset Plus Global Master Active' exceeds 4%.

Additionally, 10 ETFs including 'TIME U.S. NASDAQ100 Active', 'RISE U.S. Semiconductor NYSE (H)', 'KoAct U.S. NASDAQ Growth Company Active', and 'TIGER Global AI Active' have added SK Hynix ADRs to their portfolios. The estimated amount of SK Hynix ADRs included in these 10 ETFs is 296.1 billion won.

"Please note that this article has been automatically translated by AI, and minor discrepancies from the original text may occur due to machine translation limits."