SK Hynix ETF Swells to $16.8 Billion, Overtaking Hong Kong's Largest Fund
Updated
Updated · Bloomberg · Jun 23
SK Hynix ETF Swells to $16.8 Billion, Overtaking Hong Kong's Largest Fund
3 articles · Updated · Bloomberg · Jun 23
Summary
$16.8 billion in assets pushed CSOP Asset Management’s leveraged SK Hynix ETF past the $16.2 billion Tracker Fund, making it Hong Kong’s largest ETF as of Monday.
The product, launched in October, is designed to deliver twice SK Hynix’s daily return, turning it into a high-risk vehicle for investors chasing the semiconductor boom.
Tracker Fund of Hong Kong had long held the top spot as the city’s flagship passive ETF, tracking the Hang Seng Index, underscoring how sharply demand has shifted toward concentrated chip bets.