Global X Japan, Two New ETFs Listed on Tokyo Stock Exchange

Published 17 Apr.2023 12:56(KST)

Mirae Asset Global Investments announced on the 17th that its Japanese joint venture, Global X Japan, will newly list the ‘Global X US Tech Top 20 ETF’ and the ‘Global X Semiconductor ETF’ on the Tokyo Stock Exchange.

The ‘Global X US Tech Top 20 ETF’ is an ETF that invests in the U.S. technology sector, which leads the global market with new technologies and new industries. It invests in 20 large-cap stocks across five sectors expected to experience continuous growth: robotics, cloud, content & platforms, e-commerce, and semiconductors. It selects representative companies with high growth potential in each of the five sectors and diversifies investments with a maximum weight of 25% per sector. Major holdings include Nvidia, Tesla, Apple, Microsoft, and Amazon.

Global X Japan, Two New ETFs Listed on Tokyo Stock Exchange

The ‘Global X Semiconductor ETF’ invests in core companies of the global semiconductor industry. Interest in new industries such as artificial intelligence (AI), recently spotlighted by the emergence of Chat GPT, as well as 5G, big data, the Internet of Things (IoT), robotics, and electric vehicles (EV) is increasing. The global semiconductor market size is expected to expand, and related companies are anticipated to grow. The underlying index is the Philadelphia Semiconductor Index, a representative U.S. semiconductor-themed index. As of the end of February, the country weightings are composed of the U.S. at 88.2%, the Netherlands at 7.78%, and Taiwan at 4.02%.

Global X Japan is the only ETF-specialized asset management company in Japan, established in 2019 as a joint venture between Mirae Asset Global Investments’ U.S. ETF management subsidiary Global X and Japan’s Daiwa Securities Group. Since listing the ‘Global X MSCI SuperDividend® Japan ETF’ and the ‘Global X Logistics J-REIT ETF’ on the Tokyo Stock Exchange in August 2020, it has introduced innovative ETFs. In March of this year, just over two years after launching its first product, it surpassed 100 billion yen (approximately 1 trillion KRW) in assets under management, gaining recognition for its competitiveness in the Japanese market.

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