Zhitong Financial APP learned that on October 24, Huatai Barry China Securities Exchange China and South Korea Semiconductor ETF officially launched, it is reported that this is the first ETF in the country that can only invest in the South Korean stock market. The target of the ETF tracking is the China-Korea Semiconductor Index (931790.CSI).
The data show that the China-Korea Semiconductor Index is composed of the CSI Semiconductor 15 Index and the KRX Semiconductor 15 Index combined with equal weights to reflect the overall performance of the securities of the leading companies in the semiconductor industry in the Shanghai and Shenzhen markets and the South Korean market.
The two sub-indices select 15 securities of semiconductor listed companies from the Shanghai and Shenzhen markets and the South Korean market respectively, including Samsung, SK Hynix, Ziguang Guowei, Semiconductor Manufacturing International Corporation and so on, basically including the core semiconductor listed companies in China and South Korea.
According to Wind data, according to the estimates of constituent stocks, the current price-to-earnings ratio of the China and South Korea semiconductor index is about 20 times earnings, which is lower than that of other semiconductor indexes.
According to public data, South Korea accounts for two of the world's top three semiconductor manufacturers in 2021, and its market share is close to one big five in the world. On the other hand, according to data released by the State Council, China's semiconductor target self-sufficiency rate will reach 70% by 2025, and there is plenty of room for future development.
Huatai Perry Fund said that as the first ETF in China that can invest directly in the Korean stock market, the fund further broadens the scope of domestic investors' fund investment, has differentiation characteristics compared with the existing relevant ETF in the A-share market, and meets the diversified asset allocation needs of investors. The tracking index leads the semiconductor leaders of China and South Korea, focusing on the key to rejuvenating the country through science and technology. The supply chain of the semiconductor industry chain of China and South Korea relies on a high degree of complementarity and is expected to further achieve the strategic goal of win-win cooperation in the future.