FYI: Semiconductor stocks may be getting hit following the arrest of Wanzhou Meng, Huawei Technologies Co.’s chief financial officer, but exchange-traded fund investors won’t have an easy time getting in on the action.
None of the U.S. chip suppliers with significant exposure to the Chinese telecom giant, such as NeoPhotonics Corp., Lumentum Holdings Inc. and InPhi Corp., are held by the largest funds tracking semiconductors -- the VanEck Vectors Semiconductor ETF, ticker SMH, and the iShares PHLX Semiconductor ETF, ticker SOXX -- both of which have roughly $1.3 billion in assets.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-12-06/for-huawei-bet-etf-traders-must-look-to-china-funds-not-semis?srnd=etfs
