Global X Asia Semiconductor ETF Tracks Regional Chip Design, Manufacturing and IP Index

Global X Management Company LLC, the New York-based provider of exchange-traded funds, announced the launch of the Global X Asia Semiconductor ETF (ticker ACHP).

The fund seeks to invest in companies positioned to benefit from the growth and advancement of the Asian semiconductor ecosystem. This includes companies involved in semiconductor chip manufacturing as well as semiconductor design and related intellectual property and software enablement.

ACHP aims to track an index of up to 25 companies across Taiwan, South Korea, Japan, China, Hong Kong, and Southeast Asia that delivers access to the regional semiconductor ecosystem.

“We know that markets are cyclical, but innovation is persistent. That’s why we work so hard to spot powerful macro trends that can be transformed into tangible investment opportunities over the long run,” said Global X CEO Ryan O’Connor. “That’s the key to unlocking new frontiers of growth. And it’s why we have such high conviction in the semiconductor space.”

Global X has 17 ETFs designed to target companies involved in a broad category known as disruptive technologies, including those that invest in robotics, cybersecurity, and data centers. The firm’s largest disruptive technology fund is the $10.56 billion Artificial Intelligence & Technology ETF (ticker AIQ), w...