Asia's Hip New e. Asia's Hip New e. This is the height of corporate fashion, as evidenced by the large numbers of Asian public companies reinventing themselves as Internet-savvy technology plays. And more money is pouring into existing tech firms like Hong Kong's Pacific Century CyberWorks through expanded rights issues and new-share placements.
Technology is a non-cyclical sector.
True, at the micro-level there are tech stocks that are overvalued, but technology is a broad area and there are a lot of new companies coming into the market. The fund itself focuses on Asian innovation as well as technology. Asia's primary place in global technology has been outsourcing - predominantly in semiconductors but also hardware and software. But Asia's position in the worldwide technology chain hasn't been fully appreciated. Global technology funds investing in Nasdaq therefore are probably missing out on a key segment of the chain - Asia.