SK hynix(000660)[Edaily Reporter Kwon Oh Seok ] With SK hynix’s American Depositary Receipts (ADRs) listed on the Nasdaq, domestic actively managed exchange-traded funds (ETFs) are adding them to their portfolios one after another. This opens the door for investors to directly hold SK hynix shares through overseas equity ETFs. On the 10th (local time), SK Chairman Choi Tae-won (center) rings the opening bell at the Nasdaq Stock Market alongside executives to commemorate the listing. (Photo: Nasdaq) According to the financial investment industry and other sources on the 19th, as of the 16th, a total of 11 domestic ETFs had included SK hynix ADRs in their portfolios. These ETFs invest in stocks listed on global markets, including the U.S., and began adding the SK hynix ADRs en masse starting on the 13th—immediately following the ADRs’ listing on the 10th (local time). By asset management firm, Samsung Active Asset Management and Time Portfolio Asset Management each included SK Hynix ADRs in four ETFs, while AssetPlus Asset Management included them in two, and Mirae Asset Management in one. In terms of weighting, AssetPlus Asset Management showed the most aggressive approach. The “AssetPlus Global Top-Tier Companies Focus 10 Active ETF” included SK hynix ADRs with a 6.25% weighting, while the “AssetPlus Global Blue-Chip Active ETF” included them at 5.44%. Time Portfolio Asset Management included the stock in four products, including the “TIME Global AI Active ETF.” Among these, the “TIME Global AI Active ETF,” with assets under management of approximately 78.7 billion won, held a 3.25% weighting, representing the largest allocation by value. Samsung Active Asset Management allocated 5.04% to the “KoAct Palantir Value Chain Active ETF” and included the stock in its other three ETFs at weights in the 2% range. Notably, the “KoAct Global AI & Robotics Active ETF” included both the domestically listed SK hynix (3.24%) and its ADR (2.36%). Mirae Asset Management also included SK hynix ADRs in its “TIGER Global AI Active ETF” with a 2.49% weighting. Asset management firms are reportedly considering expanding the weighting of these ADRs or increasing their inclusion in other ETFs. The reason active ETFs have begun including SK hynix ADRs stems from changes in investment regulations. U.S. investment-type ETFs are, in principle, limited to holding securities listed on U.S. exchanges, making it difficult until now to directly include SK hynix, a company listed on the domestic market.
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