Indirect SpaceX Investment Via Korean ETF Sparks Regulatory Concerns
Hana Asset Management is under scrutiny for increasing indirect exposure to SpaceX, an unlisted stock, through its '1Q US Aerospace Tech' ETF. The ETF uses a Total Return Swap (TRS) contract to replicate returns from the RONB ETF, which holds SpaceX equity, allowing investors access to SpaceX’s performance without direct ownership. This innovative mechanism especially benefits local investors participating through IRP and ISA pension accounts, who previously had limited access to overseas ETFs and unlisted U.S. tech stocks.
However, the TRS strategy has sparked regulatory debate regarding potential circumvention of restrictions on unlisted securities investments. Authorities have raised concerns that such practices might expose retail investors to high-risk assets indirectly. While the ETF also allocates to large-cap tech names like Tesla, Hana Asset Management has adjusted the portfolio using short strategies to maintain a focus on SpaceX. Other key holdings include Rocket Lab, Joby Aviation, and AST SpaceMobile, while news of an impending SpaceX IPO is fueling further investor interest.
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Investing in US Private Companies with Retirement Funds?… Hana Asset Management's ETF 'Risky Move' - edaily.co.krHana Asset Management has once again come under scrutiny for its aggressive marketing approach with the '1Q US Aerospace Technology' ETF. By indirectly investing in foreign ETFs that include US space company SpaceX, it is prompting concerns over circumventing investments in unlisted stocks. With SpaceX nearing an IPO, the conversation...
조선일보2026 3月 26
[Exclusive] First Domestic ETF Allowing Investment in SpaceX via Retirement Accounts - Chosun IlboAn exclusive ETF that allows domestic investors to invest in Elon Musk's aerospace company, SpaceX, via retirement accounts has emerged. On the 26th, Hana Asset Management announced that it has included RONB ET in its 1Q American Aerospace Tech ETF investment portfolio.