Important Note:
1) E Fund (HK) Solactive Asia Semiconductor Select Index ETF (the “Sub-Fund”) is a sub-fund of E Fund ETFs Trust, an umbrella unit trust established under Hong Kong law. The Sub-Fund is a passively-managed ETF falling within Chapter 8.6 of the Code on Unit Trusts and Mutual Funds issued by the Securities and Futures Commission (the “SFC”). Units of the Sub-Fund (the “Units”) are traded on The Stock Exchange of Hong Kong Limited (the “SEHK”) like stocks. The investment objective is to provide investment results that, before fees and expenses, closely correspond to the performance of the Solactive Asia Semiconductor Select Index (the “Index”).
2) Investment involves risks. The Fund is subject to a) Investment risk, b) Equity market risk, c) New Index risk, d) Geographical concentration risk, e) Political, economic and social risks in mainland China, f) Semiconductor sector concentration risk, g) Risk associated with small-capitalisation / mid-capitalisation companies, h) Securities lending transactions risk, i) Trading differences risk, j) Passive investments risk, k) Trading risk, l) Tracking error risk, m) Currency risk, n) Distribution out of/effectively out of capital risk, o) Reliance on market maker risk, p) Termination risk. The value of the Sub-Fund can be volatile and may go down substantially. Investors may suffer losses.
3) The Sub-Fund may invest in derivatives for hedging or investment purposes to the extent permitted by the Code and in adverse situations its use of financial derivative instruments may become ineffective and/or cause the Sub-Fund to suffer significant loss.
4) Distributions of the Sub-Fund may be paid out of the capital of the Sub-Fund. Investors should note that payment of distributions out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment and such distributions will result in an immediate reduction of the net asset value of the relevant units.
5) The Sub-Fund is traded on the exchange at market price, which may be different from its net asset value. Offering documents of the Sub-Fund can be obtained from https://www.efunds.com.hk/products/
6) The Index is a new index. The Index has minimal operating history by which investors can evaluate its previous performance. There can be no assurance as to the performance of the Index. The Sub-Fund may be riskier than other exchange traded funds tracking more established indices with longer operating history.
7) As the Sub-Fund's investments are concentrated in securities of semiconductor industry companies in Hong Kong and East Asia, and those companies may significantly be impacted by certain factors, the Sub-Fund is subject to sector and geographical concentration risks and its Net Asset Value is therefore likely to be more volatile than a broad-based fund.
8) You should not invest in the Sub-Fund unless the intermediary who sells it to you has explained to you that the Sub-Fund is suitable for you having regard to your financial situation, investment experience and objectives.
9) Investors should not invest in the Sub-Fund based on this document alone. Before making any investment decision, the investor should read the Sub-Fund’s offering documents carefully including the risk factors.
E Fund (HK) Solactive Asia Semiconductor Select Index ETF (3486) Set to List
Index Has Delivered Over 400% Return Since Inception, Capturing the Asia Semiconductor Value Chain
Hong Kong, March 26, 2026 – E Fund Management (Hong Kong) Co., Limited today announced that the E Fund (HK) Solactive Asia Semiconductor Select Index ETF (Ticker: 3486) officially listed on the Hong Kong Stock Exchange on 26 March 2026. The ETF tracks the Solactive Asia Semiconductor Select Index, offering investors an efficient vehicle for single-click access to the full spectrum of Asia’s semiconductor value chain—positioning them to capture core investment opportunities in the age of artificial intelligence (AI).
Asia’s Semiconductor Leaders: A Single-Click Access Point to Core AI Computing Opportunities
Asia serves as the global hub of the semiconductor supply chain. According to data from Moody's Investors Service (September 2025), the region accounts for over 75% of global chip production. The Solactive Asia Semiconductor Select Index selects 30 constituent stocks from leading semiconductor companies listed in Hong Kong, Japan, and South Korea, as well as Taiwan-headquartered semiconductor leaders listed in the U.S. The index includes prominent industry names such as SK Hynix, Hua Hong Semiconductor, TSMC, and Semiconductor Manufacturing International Corporation (SMIC). With a fixed constituent structure comprising 15 stocks from Hong Kong and 15 from non-Hong Kong markets, the index ensures balanced regional representation and comprehensive coverage of the semiconductor value chain.
As of February 28, 2026, the top ten index constituents accounted for 76.64% of the total weighting, spanning core segments such as AI computing chip manufacturing, semiconductor equipment, and advanced packaging and testing.
Index Outperforms Peers with Over 400% Return
The index has demonstrated exceptional historical performance, delivering a cumulative return of 426% since its inception on March 20, 2020. It has also shown strong short-term momentum, with returns of 72% and 185% over the past one-year and two-year periods, respectively (this reflects past performance of the underlying index and does not indicate future performance. Actual fund returns may differ due to management fees, tracking error, and other factors)—significantly outperforming major semiconductor indices in Asia. This makes it a premier choice for investors seeking exposure to the region’s semiconductor growth story.
Four Markets, One Unique Semiconductor Value Chain
The index precisely captures a unique semiconductor ecosystem comprising Japan’s materials and equipment, South Korea’s memory, Taiwan’s foundry, and Mainland China’s assembly, testing, and manufacturing. These four markets form a deeply integrated and mutually reinforcing value chain that is difficult to replicate elsewhere:
AI Compute Demand Drives Cloud Capex Expansion
The semiconductor industry is currently in an upcycle, fueled by sustained growth in AI computing demand. Between 2022 and 2024, market confidence in AI’s trajectory was primarily driven by cloud providers’ AI-related capital expenditures. Since 2025, as AI model performance has advanced and downstream applications have proliferated, the virtuous cycle of commercial adoption has become a new pillar of market optimism. Daily token usage for Doubao’s large language model has grown significantly through 2025, while Google’s token processing volume reached 1.3 quadrillion in September—reflecting rapidly accelerating global demand for AI applications.
E Fund Management (Hong Kong) Co., Limited noted that every major technological revolution in history has been underpinned by semiconductors. Looking ahead, the continued expansion of the AI industry is expected to drive sustained growth in semiconductor demand. By leveraging the complementary strengths of Asia’s semiconductor industry, the region has formed the world’s most complete semiconductor ecosystem—holding an indispensable strategic position across AI computing chips, advanced process nodes, memory, equipment, and materials.
The E Fund (HK) Solactive Asia Semiconductor Select Index ETF (3486) closely tracks the Solactive Asia Semiconductor Select Index, providing investors with a convenient vehicle for one-click exposure to the full semiconductor value chain in Asia—delivering access to high-growth core assets poised to benefit from the secular AI trend.
About E Fund HK
E Fund Management (HK) Co., Ltd (“E Fund HK”) was established in 2008 and is licensed by the Securities and Futures Commission of Hong Kong to conduct Type 1 (Dealing in Securities), Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated activities. E Fund HK is a wholly-owned subsidiary of E Fund Management Co., Ltd (“E Fund”). As the international business platform of E Fund, E Fund HK provides asset management services in fixed income, equity, index and alternative investment for investors all over the world. Its award-winning products have been recognized by leading institutions such as Morningstar, Lipper, Asian Investor and Benchmark.
Established in 2001, E Fund is a leading comprehensive fund manager in China with branch offices in Guangzhou, Beijing, Shanghai, Shenzhen, Hengqin, Hong Kong, etc. As of Dec 31, 2025, E Fund and its subsidiaries had over RMB 4.1 trillion (approx. USD 585 billion)* under management. E Fund and its subsidiaries hold various requisite qualifications for the provision of asset management business, including mutual fund, social security fund, pension insurance fund, corporate pension fund, segregated account, QDII and mutual fund investment advisory, QFII, RQFII, Stock Connect and offshore investment structures, offering investment management services across all major asset classes, including active equity, quant, index, fixed income, multi-asset, FOF and alternatives.
* Source: E Fund. AuM includes subsidiaries. Data as of Dec 31, 2025. FX rate is sourced from PBoC.
