Promotions/Fund Highlight

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• Krungsri Asia Tech Equity Fund (KF-ATECH)
• Krungsri Asia Tech Equity USD Fund (KF-ATECH-USD)

Access the full potential of Asia’s technology sector through the master fund,   Wellington Asia Technology Fund, capturing global technology megatrends that are positioning Asian tech equities at the center of investment opportunities. Asia stands at the heart of the global supply chain, serves as a key source of innovation, and represents a powerful consumer market ready to embrace the growth of next-generation technologies.

IPO: 11 - 20 May 2026.


Why Invest in Asian Technology Stocks?

1. Asia is the Core of the Global Technology Supply Chain.

• One of the clearest reflections is the semiconductor industry. Chips are the “brains” behind all electronic devices—from AI and smartphones to electric vehicles and data centers—and Asia plays a central role in this ecosystem.
• At present, demand for AI continues to rise steadily, prompting large technology companies to significantly increase their investments. This, in turn, drives strong demand for more complex and higher-performance equipment in large volumes. Asian technology companies, as key upstream manufacturers of such equipment, are therefore well-positioned to benefit. They also gain pricing power, particularly during periods when supply is insufficient to meet demand.

2. Asia is the Origin of Next-Generation Innovation.
Global leaders in semiconductors—including Taiwan, South Korea, Japan, and China—are all based in Asia, reinforcing the region’s role in shaping the future through genuine technological innovation.

3. Asia is the World’s Most Powerful Consumer Market.

• With approximately 59% of the world’s population, alongside rising wealth and an expanding middle class, Asia is a high-potential market ready to support continued technological growth.
• The Asian technology market has expanded from around USD 1 trillion in the past to over USD 5 trillion today. Despite multiple global crises, its long-term growth trajectory remains strong.
• Besides, growth is no longer limited to “market size” but extends to “business diversification” - from hardware into software and digital platforms.

4. Asian technology equities outperform Global Tech, with still-attractive valuations
Asian tech stocks have delivered superior returns compared to Global Tech, while valuations remain reasonable (the P/E of the MSCI Asia Pacific Information Technology Index is around 13x). Meanwhile, earnings per share (EPS) are expected to continue growing, supported by increasing AI adoption and ongoing investments by large technology companies (hyperscalers).

5. Additional tailwinds from Chinese and Japanese technology stocks
Beyond Taiwan and South Korea, which are leaders in semiconductors, Japan and China also host technology companies with strong growth potential.

• Japan: Japan owns critical “physical infrastructure” essential to the AI industry. Japanese companies are major suppliers of key equipment used in advanced chip manufacturing and hold significant market share in upstream semiconductor materials. In addition, Japan has a strong advantage in integrating AI with industrial robotics (Industrial AI), a major trend this year focused on applying AI in real-world use cases.
• China: Chinese technology stocks remain attractively valued and have substantial upside potential. EPS growth is expected to reaccelerate by 2027, driven by increasing AI-related revenues and supportive government policies. These policies emphasize advanced technology development and innovation investment as new economic growth drivers—particularly in Generative AI aimed at enhancing self-reliance.

Source: Wellington management

Key Highlights of Wellington Asia Technology Fund
1. Investment Strategy

• Diversified : Invests across approximately 50–80 technology companies throughout Asia, covering both developed and emerging markets. The portfolio spans multiple industries and growth themes to capture opportunities at both regional and global levels.
• Differentiated : Goes beyond well-known large-cap stocks to uncover opportunities across mid- and small-cap companies, including under-the-radar growth stocks that may be overlooked by the broader market.
• Deep Expertise : Driven by in-depth analysis from dedicated technology specialists, combining global investment expertise with on-the-ground Asia tech analysts who are closely connected to the industry.

Source: Wellington Management | The above reflects the fund manager’s investment objectives. Actual results may differ.

2.  Investment Philosophy
Since the master fund believes that “winners in Asian technology require more than just innovation.”, they focuses on investing in forward-looking market leaders that can sustain and extend their competitive advantages for long-term return potential. 

• Companies with strong management and strategic direction, capable of delivering consistent upside
• Companies with compelling products and market positioning, well-prepared for future growth

3.  Performance Track Record: A strong history of delivering outstanding returns



Portfolio examples

• Tencent
  • Dominates social media and gaming through WeChat and globally popular games, evolving into a highly engaging “Super App” ecosystem that generates recurring revenue, less tied to semiconductor cycles.
  • Positioned to be one of the biggest beneficiaries of AI adoption across gaming, advertising, fintech, cloud, and e-commerce.
  • Plans to raise cloud service pricing, reflecting the transition of the cloud and AI industries into a stronger monetization phase.
• Advantest
  • World leader in Automated Test Equipment (ATE), particularly for highly complex chip testing.
  • Plans to expand production capacity from 3,000 units in 2025 to 5,000 units in 2026, with a long-term target of 10,000 units—reflecting confidence that the current AI upcycle will be longer than typical cycles.
• Tokyo Electron 
  • One of the global “Big 5” semiconductor equipment manufacturers, specializing in high-precision machinery used in advanced chip production processes.
  • Its technology is critical for next-generation chips requiring increased memory layering, enabling highly accurate interlayer connections.
  • Announced a record-high dividend for 2026 at 601 yen per share and has share buyback plans to enhance shareholder value.

Source: Wellington management as of 28 Feb 2026.

KF-ATECH | KF-ATECH-USD
2 fund options available to match different investment goals and currency preferences:

• KF-ATECH: Suitable for investors seeking Thai Baht exposure, who can tolerate return fluctuations from currency hedging policies and associated costs | Minimum investment: 500 Baht
• KF-ATECH-USD*: Suitable for investors holding or spending in USD, seeking currency diversification and returns closely aligned with direct investment in the master fund. | Minimum investment 50 USD

*Units can be subscribed via transfers or deductions from Foreign Currency Deposit (FCD) accounts as follows:
1) FCD accounts with Kiatnakin Phatra Bank for investors who open accounts directly with Krungsri Asset Management, Kiatnakin Phatra Securities, and/or other designated selling agents.
2) FCD accounts with UOB Bank (for investors who open fund accounts with UOB only)
For FCD account opening procedures, please click here


For more information or to request a prospectus, please contact: Krungsri Asset Management Co., Ltd. at tel. +66 2 657 5757 (press 2)

Disclaimers

• This document is prepared based on sources deemed reliable as of the stated date. However, the Company does not guarantee the accuracy, reliability, or completeness of the information and reserves the right to make changes without prior notice.
• KF-ATECH / KF-ATECH-USD are exposed to foreign exchange risk, which may result in gains or losses, and investors may receive returns lower than their initial investment.
• Investors should understand fund features, conditions of returns, and risks before making an investment decision. Past performance is not indicative of future results.

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