Mirae Asset's GlobalX, a subsidiary of Mirae Asset Management, is set to launch an exchange-traded fund (ETF) in Japan that focuses on investments in South Korean semiconductor companies, including Samsung Electronics and SK Hynix.
According to Yonhap News and the Japan Exchange Group (JPX), the 'GlobalX Korean Semiconductor Top 10 ETF' managed by GlobalX Japan is scheduled to be listed on the Tokyo Stock Exchange on September 9.
Approved by the Tokyo Stock Exchange on August 20, this ETF tracks the yen-denominated index of the 'FnGuide Semiconductor TOP10 Index,' which comprises ten South Korean semiconductor firms.
The ETF will distribute dividends twice a year, with a trust fee of approximately 0.4775% annually. It allocates 25% each to Samsung Electronics and SK Hynix, totaling 50%, while the remaining 50% is invested in the top eight companies involved in semiconductor manufacturing equipment and materials.
This ETF is designed to provide exposure to the entire South Korean semiconductor value chain, including major memory semiconductor stocks and key material, component, and equipment firms.
The launch is driven by increasing global investor interest in South Korean semiconductor companies, fueled by the growing demand for memory semiconductors, such as high-bandwidth memory (HBM), due to the expansion of the artificial intelligence (AI) industry.
GlobalX Japan noted that as of the second quarter of this year, Samsung Electronics and SK Hynix together held approximately 65% of the global DRAM market share, and their combined share in the HBM market reached about 79%.
GlobalX Japan was established as a joint venture between GlobalX, an American ETF management firm acquired by Mirae Asset Management in 2018, and Japan's Daiwa Securities Group. Currently, GlobalX holds a 50% stake, while Daiwa Asset Management and Daiwa Securities Group own 40% and 10%, respectively.
According to Yonhap News and the Japan Exchange Group (JPX), the 'GlobalX Korean Semiconductor Top 10 ETF' managed by GlobalX Japan is scheduled to be listed on the Tokyo Stock Exchange on September 9.
Approved by the Tokyo Stock Exchange on August 20, this ETF tracks the yen-denominated index of the 'FnGuide Semiconductor TOP10 Index,' which comprises ten South Korean semiconductor firms.
The ETF will distribute dividends twice a year, with a trust fee of approximately 0.4775% annually. It allocates 25% each to Samsung Electronics and SK Hynix, totaling 50%, while the remaining 50% is invested in the top eight companies involved in semiconductor manufacturing equipment and materials.
This ETF is designed to provide exposure to the entire South Korean semiconductor value chain, including major memory semiconductor stocks and key material, component, and equipment firms.
The launch is driven by increasing global investor interest in South Korean semiconductor companies, fueled by the growing demand for memory semiconductors, such as high-bandwidth memory (HBM), due to the expansion of the artificial intelligence (AI) industry.
GlobalX Japan noted that as of the second quarter of this year, Samsung Electronics and SK Hynix together held approximately 65% of the global DRAM market share, and their combined share in the HBM market reached about 79%.
GlobalX Japan was established as a joint venture between GlobalX, an American ETF management firm acquired by Mirae Asset Management in 2018, and Japan's Daiwa Securities Group. Currently, GlobalX holds a 50% stake, while Daiwa Asset Management and Daiwa Securities Group own 40% and 10%, respectively.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.