Rhea-AI Summary
Global X launched the Global X Asia Semiconductor ETF (ACHP), offering exposure to companies across Asia’s semiconductor ecosystem.
The passively managed fund seeks to track the Global X Asia Semiconductor Index before fees and expenses. The index targets up to 25 companies across Taiwan, South Korea, Japan, China, Hong Kong, and Southeast Asia, covering chip manufacturing, semiconductor design, related intellectual property, and software enablement. Its selection focuses on companies deriving significant revenue or a significant portion of revenue from semiconductor value-chain segments. The fund has a 0.50% gross expense ratio.
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