- Sector
- Miscellaneous
- Industry
- Investment trusts
- Address
- Japan
- Business
- Global X Japan Global Leaders ESG ETF Units Thailand Depositary Receipts Repr 0.01 Sh (SET: JAP03) is an exchange-traded depositary receipt issued by Pi Securities Public Company Limited that provides Thai institutional and retail investors with local-currency access to Japanese equity markets. The financial instrument is structured at a ratio of 100 depositary receipts to 1 unit of the underlying exchange-traded fund, the Global X Japan Global Leaders ETF, which is managed by Mirae Asset Global Investments and traded on the Hong Kong Stock Exchange under ticker 3150. Issuer Pi Securities Public Company Limited, formerly Country Group Securities Public Company Limited, was established in 1966 and is headquartered in Bangkok, Thailand, operating as a financial services firm specializing in securities brokerage, wealth management, underwriting, and cross-border investment instruments.
The underlying investment strategy focuses on Japanese large-cap corporations that demonstrate global competitiveness, high foreign revenue exposure, and adherence to sustainability standards through the FactSet Japan Global Leaders Index, utilizing environmental, social, and governance (ESG) scoring methodologies. The security offers exposure to five primary industry segments: Technology and Electronics, featuring manufacturers of semiconductor capital equipment, specialized electronic components, sensor systems, and digital entertainment hardware; Automotive and Industrial Machinery, comprising automotive original equipment manufacturers, industrial robotics developers, precision automation equipment producers, and heavy machinery fabricators; Consumer Discretionary and Fast-Moving Consumer Goods, encompassing global specialty retail chains, consumer electronics brands, video game developers, and multimedia entertainment conglomerates; Healthcare and Life Sciences, covering multinational pharmaceutical manufacturers, medical diagnostic instrument providers, and specialized healthcare solutions; and Industrials and Global Trading Companies, incorporating diversified general trading houses (sogo shosha), logistics infrastructure providers, and chemical materials processors.
Recent major corporate and operational developments include the listing and public debut of JAP03 on the Stock Exchange of Thailand in February 2025 as part of Pi Securities' strategic expansion into international depositary receipts alongside thematic products tracking global gold, crude oil, and broad-market equity indices; the formal execution of an acquisition agreement in 2026 under which Webull Securities (Thailand) agreed to acquire Pi Securities from Country Group Holdings Public Company Limited for approximately 2.865 billion Thai Baht to scale digital brokerage operations across Southeast Asia; the comprehensive completion of the firm's strategic transformation from a traditional brokerage into a multi-asset digital platform following its corporate rebranding to Pi Securities; and the ongoing expansion of the Global X Japan ETF platform, which surpassed one trillion yen in total assets under management across its thematic and ESG product line.