Korea Investment Management enters Hong Kong ETF market with chip fund

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Korea Investment Management's first exchange-traded fund developed in collaboration with China Universal Asset Management's Hong Kong unit has recently been listed on the Hong Kong Stock Exchange, the asset manager announced Monday. The CUAM Solactive China & Global Semiconductor ETF, with a net asset value of 15.85 million Hong Kong dollars ($2.06 million), was listed Friday. The fund tracks the Solactive Ace ETF Connect China & Global Semiconductor Top 30 Index, developed by German index provi