Mirae Asset Launches 'Asia Hardware Tech Fund'
Mirae Asset Global Investments announced on the 16th the launch of the ‘Mirae Asset Asia Hardware Tech Fund,’ which invests in leading IT hardware companies in Asia.
The Mirae Asset Asia Hardware Tech Fund selects and invests in IT hardware companies recognized for their growth potential and technological capabilities among companies in Asian countries such as Korea, China, Japan, and Taiwan. In particular, it focuses on companies in three innovative themes that have emerged as mega trends in the IT hardware sector: ‘semiconductors,’ ‘secondary batteries,’ and ‘robots/artificial intelligence (AI).’
Currently, the importance of the hardware market capable of implementing advanced technologies in innovative theme industries such as semiconductors, secondary batteries, and robots/artificial intelligence (AI) is being highlighted. Asian IT tech companies, represented by Samsung Electronics and TSMC, are leading the global hardware market. Recently, due to the US-China trade dispute and the technology hegemony war, countries like Taiwan and Malaysia have gained new attention, and dependence on Asian countries is expected to increase further.
The Mirae Asset Asia Hardware Tech Fund concentrates more than 70% of its investments in related stocks of semiconductors, secondary batteries, and robots/artificial intelligence (AI). Major holdings include Samsung Electronics, TSMC, SK Hynix, LG Energy Solution, Samsung SDI, Ibiden, Tokyo Electron, ASE, and Unimicro. The country allocation consists of Korea 55%, Taiwan 20%, Japan 12%, and China 8%.
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Seo Yoon-seok, team leader of the Research Division at Mirae Asset Global Investments, said, “The importance of the value chain of Asian countries such as Korea, China, Japan, and Taiwan in the global IT sector is continuously increasing and is expected to become even more prominent in the future.” He added, “In a situation where global dependence on Asian hardware technology is rising, this fund will be a good means to invest in the growth potential of Asian companies.”
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