[Edaily Reporter kyoungeun kim ] SamsungElectroMechanics(009150)is surging by over 6% in early trading on the 26th, standing out as the sole high-flying stock among the top market-cap companies.
According to MP Doctor, as of 9:02 a.m. today, SamsungElectroMechanics(009150)is trading at 2,126,000 won, up 129,000 won (6.46%) from the previous day.
SamsungElectroMechanics’ stock price rise today is believed to be driven by buying interest sparked by news that a Multi-Layer Ceramic Capacitor (MLCC) exchange-traded fund (ETF) is expected to launch in the U.S.
On the 17th, U.S. asset manager Round Hill filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for the “MLCC & Printed Circuit Board (PCB) ETF (CIRQ).” The registration statement is effective as of August 31, and if the listing is approved, the ETF could be launched around September. Since Round Hill stated in the CIRQ registration statement that it “will invest a significant portion in Asian stocks,” there are high expectations that SamsungElectroMechanics—which holds the second-largest global market share in MLCCs—will be included in the portfolio.
Roundhill is the asset manager behind the memory ETF (DRAM) launched in April of this year, which has recorded the fastest growth rate in U.S. ETF history. As of the 24th (local time), the DRAM ETF has net assets of $23.6 billion (approximately 36 trillion won) and ranks fourth in terms of capital inflows this year among the more than 5,000 U.S. ETFs. The fund, which holds 26% in SamsungElectronics and 24% in SK hynix, is cited as popular because it serves as an investment channel for Asian stocks that are otherwise difficult for U.S. retail investors to access.