πππThe Rise Of Asia Tech Giantsπππ
πππWith the reopening of China, 2023 will be a great year to invest in $Betashares Asia Technology Tigers(ASIA.AU)$ . ASIA tracks the performance of 50 of the largest technology and ECommerce stocks in Asia.
In just 1 trade, I gain access to Tech Giants like Tencent, Alibaba, Samsung and TSMC and many more.
In 2022, ASIA dropped as much as 27% and is oversold and undervalued. However I expect a significant upside for ASIA in 2023 with a stronger growth recovery, and Tech regulatory easing in China.
Tencent Holdings takes up the top spot at 11%, followed by Alibaba at 10.5%, Samsung Electronics at 10% and Taiwan Semiconductor Manufacturing at 10%. Together these Top 4 holdings occupy 41% weightage of ASIA ETF.
I like that ASIA ETF is not China centric as it also includes Taiwan, South Korea and India too. However China still takes up 50% of the weightage.
The management fee is 0.67% and dividends are paid half yearly. The current dividend yield is 1.2%.
At the last closing price of only AUD 7.58 per share,$Betashares Asia Technology Tigers(ASIA.AU)$ gives me the maximum bang for my hard earned dollars. If I were to invest in individual stocks like$Tencent Holding Ltd.(TCEHY)$ or $Alibaba(BABA)$ it would cost a lot more.
ASIA also minimises my risk and is well diversified with 50 of Asia's largest Tech stocks. I believe that it is time for the Asian Tech Giants to shine in 2023 and $Betashares Asia Technology Tigers(ASIA.AU)$ is my tactical play to capture this golden opportunity.
@Daily_Discussion @Tiger_AU @MillionaireTiger @TigerStars @CaptainTiger
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Very Good and very lucky to have this
Hi