The Korea Times
KOSPI’s strong rally has fueled growing demand among overseas investors for exchange-traded funds (ETFs) offering exposure to Korean equities, industry officials said Wednesday. Korea’s benchmark index has been setting successive record highs, driven largely by gains in semiconductor shares, and is now delivering standout returns among global equity markets. One notable example is the rapid inflow into the Roundhill Memory ETF (DRAM), a semiconductor-focused fund launched on April 2 on the New York Stock Exchange by U.S. asset manager Roundhill. The ETF attracted more than $1.11 billion in net inflows as of April 21, less than a month after its release. The ETF is heavily concentrated in Korea’s major chipmakers, Samsung Electronics and SK hynix. As of April 21, SK hynix accounted for 26.9 percent of the portfolio and Samsung Electronics 23.4 percent, meaning the two together make up more than half of the fund. The rapid rise of the fund is widely seen as unusual for a relatively small asset manager. An official in the asset management industry said, “The product’s appeal likely
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