CXMT Lands 2.52% Stake in $245 Billion DRAM Memory ETF

CXMT, a Chinese memory chip manufacturer, has secured a significant stake in the first pure-storage DRAM Memory ETF. The fund launched on April 2 with an impressive $245.5 billion in assets under management (AUM) and has seen returns of 161.5% despite a sector pullback.

The ETF's weighting highlights the dominance of storage leaders Samsung, Micron, and SK Hynix, which together account for over 73% of the fund. CXMT follows GigaDevice as the second A-share memory name to gain inclusion in the ETF, pushing its market cap above $3 trillion RMB (briefly exceeding $4 trillion RMB).

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