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Mirae and Nippon launch new mutual funds focused on China and Taiwan: Should you invest?

Nippon’s fund will invest in Taiwan’s semiconductor chipmakers, while Mirae’s ETF will track China’s top 30 tech firms

November 22, 2021 / 10:27 AM IST

Nippon Life India Mutual Fund (MF) has launched a Taiwan-focused fund. The Nippon India Taiwan Equity Fund aims to capture the growth potential of the semiconductor industry of Taiwan. The country is globally the biggest chip manufacturer. The scheme looks to ride on Taiwan’s economic growth.

Cathay SITE, the largest asset manager in Taiwan, will advise the fund house.

Mirae MF has launched a China-specific fund. The Mirae Asset Hang Seng TECH ETF will invest in 30 of China’s largest technology companies. The fund will track the Hang Seng TECH Index, which is listed on the Hong Kong stock exchange.

As ETFs require demat accounts, Mirae MF has also launched a fund of fund for investors.