Semiconductor Covered-Call ETF Fight Intensifies as Samsung and Mirae Split Strategies

Samsung Asset Management and Mirae Asset Global Investments, two major players in Korea’s ETF market, are competing over semiconductor covered-call ETFs. Mirae Asset listed the TIGER Semiconductor TOP10 Covered Call Active ETF on April 21, while Samsung Asset Management has previewed the KODEX Semiconductor Target Weekly Covered Call ETF. Mirae’s product uses an active strategy based on individual stock options, including Samsung Electronics and SK hynix, and drew 83.2 billion won in net buying on its first trading day. Samsung’s product is known to follow a passive structure similar to its successful KODEX 200 Target Weekly Covered Call ETF. As competition in the 21 trillion won covered-call ETF market spreads to semiconductors, investors are expected to compare payout structures and option strategies closely. Source: hankyung.com