This ASX-traded ETF provides excellent exposure to the explosive moves in Asian facing AI-semiconductors, with its largest 5 holdings currently SK Hynix, Samsung, Taiwan Semiconductors, MediaTek and Alibaba. In total, the ETF currently holds 55 stocks and charges 0.67% for this comprehensive exposure to the high-flying Asian tech names, but note again it’s not hedged, hence a strong $A creates a headwind, but its +54% gain over the last 3-months has rendered FX moves largely redundant.
- We like the ASIA ETF over the coming years, but a pullback towards the $20 feels a possibility after its strong advance.