SEOUL – CSOP Asset Management’s leveraged exchange traded product tied to SK Hynix has overtaken the Tracker Fund of Hong Kong to become the city’s largest ETF, highlighting investors’ voracious appetite for risky bets on the booming semiconductor sector.The Hynix product, launched in October and designed to deliver twice the stock’s daily return, has rapidly amassed more than US$16.8 billion (S$21.7 billion) in assets under management as of June 22. That surpasses the US$16.2 billion Tracker Fund, Hong Kong’s first ETF, which mirrors the Hang Seng Index and has long served as the city’s flagship passive investment vehicle.The shift highlights...