Global X FTSE Southeast Asia ETF (4GX2)
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ASEA: Southeast Asia Poised To Outperform
The Global X Southeast Asia ETF (ASEA) invests in large, liquid equities in Southeast Asia, with a 3.2% dividend yield and $60 million AUM. ASEA tracks the FTSE Asean 40 Index, focusing on major companies in Singapore, Malaysia, the Philippines, Indonesia, and Thailand. A significant downside is the lack of diversification, with the top 5 companies comprising over 40% of total assets, increasing volatility.
Why Southeast Asia? And Why ASEA?
After experiencing GDP growth of 4.2% in 2023, the Association of Southeast Asian Nations' growth rate is forecast to accelerate to 4.6% and 4.8% in 2024 and 2025, respectively. The region's diverse economies, demographic dividend, and improving education and labor force participation offer significant opportunities for investors across multiple sectors and countries. Structural changes like nearshoring and market-friendly reforms are enhancing ASEAN's attractiveness as a manufacturing hub and investment destination, benefiting from lower bond yields.
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Global X FTSE Southeast Asia ETF Profile
| XBER Exchange | US Country |
Overview
The fund primarily focuses on investing in the top 40 largest and most liquid companies across the five nations that form the Association of Southeast Asian Nations (ASEAN), which are Singapore, Malaysia, Indonesia, Thailand, and the Philippines. A significant portion, at least 80%, of the fund's total assets is allocated towards the securities of its underlying index. This includes investments in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) that are based on the securities within the underlying index. The fund’s strategy is emblematic of a commitment to capture the equity performance across these emerging and dynamic markets in Southeast Asia, aiming to benefit from the growth and liquidity of these economies. Despite being non-diversified, the fund presents an opportunity for investors to engage with the ASEAN market through a focused and strategic portfolio.
Products and Services
- Investment in ASEAN's Top 40 Companies:
The fund dedicates a substantial portion of its portfolio to invest in the equity securities of the 40 largest and most liquid companies across the ASEAN regions, providing investors with exposure to the leading companies in these emerging markets.
- Investment in ADRs and GDRs:
Alongside direct investments in the underlying index securities, the fund expands its reach by investing in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). These instruments are based on the securities of the underlying index, offering a diverse range of investment options to fund contributors and broadening the fund’s geographical scope.
