JPMorgan and Mirae Asset Drive Asia’s US Tech ETF Boom

JPMorgan has launched a Taiwan-listed active ETF targeting US tech giants like Apple, Microsoft, and Nvidia, marking a strategic push into Asia's ETF market. Subscriptions open September 30, with the bank positioning active ETFs as a regional growth driver. Philippe El-Asmar of JPMorgan Asset Management underscores the product's significance for capturing demand.

Mirae Asset Global Investments mirrors this momentum, debuting an AI-linked US software ETF through its Tiger ETF arm. The MOVE responds to surging retail trading activity, notes Mirae's Nathan Namki Kim. Retail investors across Asia are fueling demand for US tech exposure, particularly the "Magnificent Seven" stocks that have propelled the Nasdaq 100 up 115% since late 2022.

Nineteen US tech-focused ETFs have launched in Asia this year alone, putting 2023 on track to eclipse 2022's 22 new listings. The region now hosts 63 such products. While retail flows accelerate growth, concentration in megacap tech introduces volatility risks as the sector's dominance continues.