- Business
- Global X Japan Semiconductor ETF Shs Thailand Depositary Receipts Repr 1 Sh (SET: JPSEMI24) is an exchange-traded depositary instrument issued by Finansia Syrus Securities Public Company Limited, a Thailand-based financial services and brokerage firm headquartered in Bangkok, Thailand. Established to provide domestic investors with direct, currency-localized access to international equity markets, the security represents beneficial interest in the Global X Japan Semiconductor ETF (Tokyo Stock Exchange: 2644), an exchange-traded fund launched in September 2021 and managed by Tokyo-based Global X Japan Co., Ltd., a joint venture between Daiwa Securities Group Inc. and Mirae Asset Global Investments Co., Ltd. The instrument trades on the Stock Exchange of Thailand in Thai Baht under a fixed depositary ratio, allowing retail and institutional market participants in Southeast Asia to gain exposure to the Japanese semiconductor industry without the requirement of cross-border foreign exchange conversion or international brokerage accounts.
The underlying investment vehicle is designed to track the performance and yield of the FactSet Japan Semiconductor Index, maintaining a diversified portfolio of leading Japanese corporations engaged across the semiconductor value chain. The primary product and industry exposures offered through the instrument encompass; semiconductor fabrication and processing equipment, including advanced wafer track systems, dry etchers, lithography and photomask inspection apparatus, wafer dicing and grinding tools, and automated test equipment; semiconductor materials and specialty chemicals, including semiconductor-grade monocrystalline silicon wafers, photoresists, high-purity electronic gases,CMP slurries, and advanced packaging substrates; integrated device design and manufacturing, focusing on automotive microcontrollers, power semiconductors, image sensors, and analog integrated circuits; and outsourced assembly, test, and packaging engineering services. Its principal underlying portfolio holdings include major Japanese technology and industrial enterprises such as Tokyo Electron Limited, Advantest Corporation, Disco Corporation, Lasertec Corporation, SCREEN Holdings Co., Ltd., Shin-Etsu Chemical Co., Ltd., SUMCO Corporation, and Renesas Electronics Corporation.
In recent developments, Finansia Syrus Securities expanded its international depositary receipt program by issuing and listing the JPSEMI24 Depositary Receipt on the Stock Exchange of Thailand, enhancing cross-border access to high-growth technology sub-sectors. The underlying fund has concurrently broadened its market participation amid substantial private and public capital expenditures in Japan's semiconductor infrastructure, supported by governmental revitalisation initiatives and expanding enterprise demand for artificial intelligence, automotive electrification, and high-performance computing components. Global X Japan continues to periodically rebalance the underlying index basket to reflect structural shifts, corporate reorganizations, and technological advancements within Japan's semiconductor supply ecosystem.