Did the SpaceX IPO beam miss me?... Joys and sorrows vary depending on the timing of ETF inclusion.

As SpaceX surged more than 40% within two days of its listing, the gap in returns among domestic aerospace exchange-traded funds (ETFs) is widening.
ETFs that began incorporating SpaceX stock on the first day of listing ranked among the top performers, while those that have not yet included it recorded relatively sluggish performance. According to Koscom ETF Check on the 16th, a total of 15 ETFs were recorded as of that day as holding SpaceX shares. 63%). Global artificial intelligence (AI) active ETFs also included SpaceX.
38%). KB Asset Management and Mirae Asset Management also included SpaceX in their active ETFs with a weighting of 1–2%, respectively. Previously, on the 15th, Samsung Asset Management and Korea Investment Trust Management invested 25% and 23%, respectively, in aerospace ETFs. Mirae Asset Management and Timefolio Asset Management also included SpaceX in their active ETFs tracking Global AI and the Nasdaq 100.
88%). The performance of these products appears to vary depending on whether SpaceX is included. 47%, respectively, taking the top spots in returns among US aerospace ETFs. Both products incorporated SpaceX with a weighting in the 25% range by purchasing it on the day of its listing (local time, the 12th).
6% on the 15th (local time), the difference in returns based on the timing of the purchase widened. 45%. The trend of domestic asset management companies adding SpaceX is expected to continue for the time being. Mirae Asset Management's 'TIGER US Space Tech' completed its inclusion based on the closing price on the 16th (local time) and is scheduled to move at a price that includes SpaceX starting from the 17th.
Hana Asset Management's '1Q US Aerospace Tech' is scheduled to be included on the 3rd of next month. 44%, respectively, on this day. However, the one-week returns of US aerospace ETFs listed in Korea range from -11% to slightly above the 2% mark. 62%), underwent corrections.
Compared to SpaceX, which has risen 42% from its IPO price ($135) since listing, ETF investment has lagged behind direct investment in terms of performance. However, the market forecasts that while returns may vary depending on the timing of SpaceX inclusion immediately after listing, similar performance will be seen in the mid-to-long term. An official from the asset management industry stated, "While there may be differences in immediate performance due to a difference of a day or two in the timing of inclusion, we expect returns to generally converge in the end.
" Concerns are also emerging in the market that the expansion of derivatives trading following SpaceX's listing could further increase stock price volatility. In the U. S.
, 11 new leveraged and inverse ETFs based on SpaceX as an underlying asset have been listed, and individual stock options trading will begin on the 16th (local time), starting with the Chicago Board Options Exchange (CBOE). As Tesla has established itself as a top-traded stock in the U. S.
options market, investment demand for SpaceX is also expected to expand rapidly.
nodelay@fnnews.com Park Ji-yeon, Im Sang-hyeok Reporter