After IPO setback, Korean ETF managers rush into SpaceX

South Korean asset managers are rushing to increase exposure to SpaceX through exchange-traded funds, as investor demand for the newly listed aerospace company remains strong.

Leading the pack is Ace US Space Tech Active ETF, managed by Korea Investment Management, with SpaceX accounting for 26.41 percent of its portfolio as of Tuesday.

The fund had initially sought to secure initial public offering allocations through Mirae Asset Securities but pivoted quickly to open-market purchases after the ...