SK hynix ADR added to major US and Korean ETFs

SK hynix's Nasdaq-listed ADR (ticker SKHY) was added to the MVIS U.S. Listed Semiconductor 25 Index with a roughly 4.8% weight in the September rebalancing. The move is expected to draw about $3.36 billion into the $70 billion SMH ETF and 58 billion won into Korea's KODEX U.S. Semiconductor ETF. The ADR trades at a 39.2% premium to the Korean common stock.

• SK hynix ADR joins MVIS U.S. Listed Semiconductor 25 Index at 4.8% weight
• SMH ETF to see about $3.36 billion inflow; KODEX U.S. Semiconductor about 58 billion won
• ADR market cap stood at $33.3 billion as of Sept. 18
• ADR premium over Korean common stock reaches 39.2%