Korea Investment Management Enters Hong Kong ETF Market With Semiconductor Fund

Korea Investment Management has entered Hong Kong's ETF market through a partnership with China Universal Asset Management (CUAM), launching the CUAM Solactive China & Global Semiconductor ETF on October 23, 2026. The fund tracks the Solactive Ace ETF Connect China & Global Semiconductor Top 30 Index, providing exposure to leading semiconductor companies, including Nvidia, TSMC, Samsung Electronics, ASML and Broadcom, alongside Chinese and Hong Kong technology firms. The ETF debuted with HK$15.85 million ($2.06 million) in assets, while Korea Investment Management plans to commit approximately $5 million of its own capital to support the launch. The partners aim to secure eligibility for ETF Connect, enabling cross-border trading between mainland China and Hong Kong, subject to regulatory requirements. Both firms are also developing additional ETFs as part of their broader expansion strategy.