Global X Japan Launches Japan's First 'Semiconductor ETF' and More

[Asia Economy Reporter Junho Hwang] Global X Japan, a joint venture of Mirae Asset Global Investments in Japan, will newly list three thematic ETFs on the Tokyo Stock Exchange on the 28th.

The new thematic ETFs are the Semiconductor ETF, Leisure & Entertainment ETF, and Global X Japan Metal Business ETF. All three themes are products being listed for the first time on the Tokyo Stock Exchange in Japan.

The Semiconductor ETF invests in the Japanese semiconductor industry. Recently, the Japanese government announced support policies for the semiconductor industry. This ETF invests by dividing themes into semiconductor production, packaging, testing, equipment, and materials. The tracking index is the FactSet Japan Semiconductor Index.

The Leisure & Entertainment ETF invests across five themes including virtual reality and metaverse-related software/hardware. It tracks the Solactive Japan Leisure & Entertainment Index.

The Metal Business ETF invests in the non-ferrous metal industry, which represents Japan's new economy. This product invests in four sub-themes related to the metal industry value chain. The tracking index is the FactSet Japan Metal Business Index.

Yoon Ju-young, CIO of Global X Japan, said, "Global X Japan continuously strives to introduce differentiated innovative growth thematic ETFs to provide a new investment paradigm in the Japanese ETF market, which is centered on representative indices," adding, "Daiwa Asset Management Japan also plans to launch an EMP fund utilizing Global X Japan thematic ETFs."

Global X Japan ETFs can be traded through overseas stock accounts at domestic securities firms such as Mirae Asset Securities.

This content was produced with the assistance of AI translation services.