This ETF is a locally traded ETF focused on Asian tech stocks outside of Japan and it clearly hasn’t suffered like the ASX and US ETFs we discussed earlier which are focused more specifically on the software space. ASIA is not a direct comparison to the ATEC and IGV ETFs, it holds stocks like Samsung, Alibaba & Taiwan Semiconductor but it’s worth watching if it gets dragged down by negative sentiment around AI disruption – it would be easy to see some profit taking if a “risk off” mood hits Asian tech names.
- We like the ASIA ETF over the coming years, but a pullback towards the $14 feels a possibility after its strong advance.