Recent Trends in Semiconductor Stocks and Chinese ETFs
The top 1% of investors by return are actively trading leveraged and inverse ETFs to cope with volatility in semiconductor stocks. According to Mirae Asset M Club, they have focused on purchasing the 'Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS),' reflecting a response to the surge in semiconductor stocks due to Micron Technology's unexpected strong performance. Stocks such as NVIDIA, TSMC, AMD, and Qualcomm also contributed to this upward trend. Meanwhile, these top investors sold the most shares of the 'Direxion Daily Semiconductor Bull 3x Shares (SOXL),' along with the Tesla Leveraged ETF (TSLT) and the Nasdaq-100 Index Leveraged ETF (TQQQ).
In the domestic ETF market, the 'PLUS Shenzhen ChiNext (synthetic)' by Hanwha Asset Management recorded the highest weekly increase of 22.84%. This ETF tracks the ChiNext Index of the Shenzhen Stock Exchange and is primarily composed of technology and healthcare companies. Following the Chinese government's major stimulus announcement, the Chinese stock market saw a strong rebound, leading to significant gains in various ETFs, including Samsung Asset Management's 'KODEX China Shenzhen ChiNext (synthetic)' and Korea Investment Management's 'ACE China Hang Seng Tech,' which also surged. Newly listed ETFs this week include 'RISE US Dividend 100 Daily Covered Call,' among others.
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