Important Notes:
HONG KONG — Manulife Investments announced today the launch of the Manulife Global Fund – Global Semiconductor Opportunities Fund (the “Fund” or “Manulife Global Semiconductor Opportunities Fund”) in Hong Kong, offering investors access to a high-conviction strategy designed to capture growth opportunities in the global semiconductor sector. As semiconductors continue to drive transformative technological advancements, the Fund seeks to harness the long-term growth potential of this critical industry.
The Fund aims to achieve capital appreciation by investing at least 70% of its net assets in equity and equity-related securities of companies in the semiconductor and semiconductor-related industries, listed globally.
The semiconductor industry, projected to surpass USD 1 trillion by 20301, is a key enabler of Artificial Intelligence (AI), automation, and digital connectivity. Growth drivers such as AI accelerators, data centers, and autonomous vehicles are reshaping demand, while the rise of IoT, with 41 billion devices expected by 20302, underscores the sector’s increasing influence in digital transformation.
The Fund is built on an investment strategy designed to leverage active investing for capturing growth potential in the semiconductor and AI ecosystem. This strategy is anchored by four key pillars:
Ryan Davies, Senior Portfolio Manager, Manulife Investment Management said: "Semiconductors are the backbone of modern technology, underpinning advancements in AI, automation, and digital transformation. As AI adoption accelerates across industries, we see semiconductor demand expanding rapidly, with applications in data centers, edge computing, and AI-enabled consumer devices continuing to gain traction. The Manulife Global Semiconductor Opportunities Fund is designed to capitalize on these structural growth drivers by actively identifying companies at the forefront of semiconductor innovation and the AI value chain."
Ryan Davies further added: "While mega-cap players remain dominant, we believe there are compelling opportunities in under-researched semiconductor companies with differentiated technologies and strong competitive moats. Our active management approach allows us to navigate market cycles and invest in semiconductor leaders positioned for long-term success."
As part of Manulife’s commitment to offering diverse and accessible investment solutions that are aligned with evolving market opportunities, the Fund is available through InvestChoice, Manulife Investments’ comprehensive online fund investment platform, which allows investors to access market and fund information and make informed investment decisions, all at their fingertips.
Grace Ho, Head of Retail Wealth Distribution and Direct Digital Business, Asia, Manulife Investments, commented: "Investor interest in thematic funds continues to grow, and semiconductors have emerged as a pivotal theme within the AI revolution. Through InvestChoice, we provide flexible access to the Manulife Global Semiconductor Opportunities Fund to a broad range of investors, empowering them to integrate exposure to leading semiconductor names and broader AI-driven ecosystem into their portfolio while benefiting from active management strategies."
For more information about the Manulife Global Semiconductor Opportunities Fund, visit https://www.manulifeim.com.hk/en/funds/featured-funds/global-semiconductor-brochure.html.
1 Source: McKinsey on Semiconductors, as of March 2024.
2 Source: Bloomberg, IoT Analytics, as of September 2024.