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ICE Semiconductor Index selected as benchmark for Mega International’s new Taiwan-Listed ETF

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Intercontinental Exchange has announced that the ICE Semiconductor Index (ICESEMI) was selected by Mega International Investment as the benchmark for the Mega ICE Semiconductor ETF, which is listed on the Taiwan Stock Exchange.

 

The ICE Semiconductor Index is a rules-based, modified float-adjusted market capitalisation-weighted index that tracks the performance of the 30 largest US-listed semiconductor companies. Companies that are classified within the Semiconductors industry of the ICE Uniform Sector Classification schema are eligible for inclusion in the index. This industry includes companies that either manufacture materials that have electrical conductivity (semiconductors) to be used in electronic applications or utilize LED and OLED technology. It also includes companies that provide services or equipment associated with semiconductors such as packaging and testing.

 

“Thematic ETFs, such as the Mega ICE Semiconductor ETF, provide opportunities to gain exposure to major trends that are driving future economic growth,” said Magnus Cattan, Head of ICE Fixed Income and Data Services in Asia-Pacific. “We’re excited to work with Mega International Investment on the launch of this new fund and to provide new benchmarks in this growing sector of the market.”

 

As of the end of 2021, assets under management (AUM) for ETFs listed on Asian exchanges tracking ICE’s indices reached USD17.1 billion, nearly quadrupling the amount of AUM since 2018. The firm writes that much of that growth came from the launch of 11 new thematic, climate and ESG ETFs in 2021, which quickly accumulated over USD1.72 billion in AUM by the end of the year.

 

 

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