ASX-Listed ETFs for Country-Specific Exposure to China, Japan and India

Sonal Goyal

03 September 2026 04:29 PM AEST

ASX-Listed ETFs for Country-Specific Exposure to China, Japan and India

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Category: General News

Key Highlights

Global X China Tech ETF (ASX:DRGN) and Betashares India Quality ETF (ASX:IIND) each hold 100.00 per cent of their portfolios in a single country, China and India respectively.
Betashares Japan Currency Hedged ETF (ASX:HJPN) and Global X Japan TOPIX 100 ETF (ASX:J100) both provide exposure to Japan, but differ in scope, with HJPN focused on exporters and J100 tracking the broader TOPIX 100.
Ellerston Asia Growth Fund Complex ETF (ASX:EAFZ) spreads exposure across Taiwan, China, South Korea, India and Japan, rather than concentrating on a single market.
Fund sizes across the five funds range from Global X Japan TOPIX 100 ETF (ASX:J100) at $16.70 million up to Betashares Japan Currency Hedged ETF (ASX:HJPN) at $325.54 million.

Beyond broad Asia ex-Japan funds, a number of ASX-listed ETFs offer investors more geographically concentrated exposure to individual Asian markets or to a specific slice of a country's economy. Global X China Tech ETF (ASX:DRGN), Betashares Japan Currency Hedged ETF (ASX:HJPN), Global X Japan TOPIX 100 ETF (ASX:J100), Betashares India Quality ETF (ASX:IIND) and Ellerston Asia Growth Fund Complex ETF (ASX:EAFZ) each take a different approach to country-specific or growth-themed exposure across China, Japan, India and the broader region.

Global X China Tech ETF (ASX:DRGN)

Global X China Tech ETF (ASX:DRGN) provides concentrated exposure to 21 of China's largest listed technology companies, tracking the Global X China Tech 20 Index. The fund's geographic exposure is entirely concentrated in China, at 100.00 per cent, and its technology weighting of 46.61 per cent is well above the 13.86 per cent average of its Equity Greater China Morningstar category. JD.com, Tencent Holdings and East Money Information are its three largest holdings. DRGN held a fund size of $82.53 million and carries a management fee of 0.45 per cent.

Betashares Japan Currency Hedged ETF (ASX:HJPN)

Betashares Japan Currency Hedged ETF (ASX:HJPN) focuses on Japanese companies with meaningful export exposure, tracking the S&P Japan Exporters Hedged NR AUD index with currency risk hedged back to Australian dollars. The fund's 140 holdings are led by Mitsubishi UFJ Financial Group, Tokyo Electron and Toyota Motor Corp, and its sector allocation is spread across technology at 28.38 per cent and industrials at 25.07 per cent. HJPN held a fund size of $325.54 million, the largest of the five funds in this comparison, and carries a management fee of 0.56 per cent.

Global X Japan TOPIX 100 ETF (ASX:J100)

Global X Japan TOPIX 100 ETF (ASX:J100) offers a broader, unhedged route to the Japanese market, tracking the TOPIX 100 Total Return Index across 100 of the country's largest listed companies. Unlike HJPN's exporter focus, J100's sector allocation is led by industrials at 24.17 per cent and financial services at 22.15 per cent, with Mitsubishi UFJ Financial Group as its largest holding at 5.80 per cent. J100 held a fund size of $16.70 million, the smallest of the five funds discussed here, reflecting its recent listing on 25 November 2025, and carries a management fee of 0.40 per cent.

Betashares India Quality ETF (ASX:IIND)

Betashares India Quality ETF (ASX:IIND) is entirely concentrated in India, tracking the Solactive India Quality Select index across 30 companies. Its sector allocation is weighted toward industrials at 20.66 per cent and consumer cyclical at 19.49 per cent, both considerably above the averages of its broader Equity World Other Morningstar category. Hindustan Unilever, Mahindra & Mahindra and Suzlon Energy are its three largest holdings. IIND held a fund size of $176.22 million and carries a management fee of 0.80 per cent.

Ellerston Asia Growth Fund Complex ETF (ASX:EAFZ)

Ellerston Asia Growth Fund Complex ETF (ASX:EAFZ) takes a different approach again, spreading its portfolio across multiple Asian markets rather than concentrating on one. Taiwan represents its largest country exposure at 30.03 per cent, followed by China at 20.77 per cent and South Korea at 20.29 per cent, with a further 8.61 per cent allocated to Japan, an allocation outside the fund's core Asia ex-Japan mandate. Technology dominates the sector mix at 60.08 per cent, the highest weighting among the five funds reviewed here. EAFZ held a fund size of $37.32 million and carries a management fee of 0.95 per cent.

Conclusion

Investors looking for country-specific or growth-themed exposure across Asia have a range of Options on the ASX, from the single-country concentration of Global X China Tech ETF (ASX:DRGN) and Betashares India Quality ETF (ASX:IIND), to the differing approaches to Japan taken by Betashares Japan Currency Hedged ETF (ASX:HJPN) and Global X Japan TOPIX 100 ETF (ASX:J100), through to the multi-country growth mandate of Ellerston Asia Growth Fund Complex ETF (ASX:EAFZ). Each fund's geographic and sector composition reflects a distinct approach to accessing these markets.

FAQs

Q: Which ASX-listed ETFs offer single-country exposure to China and India?

A:Global X China Tech ETF (ASX:DRGN) offers exposure entirely to China, while Betashares India Quality ETF (ASX:IIND) is entirely concentrated in India.

Q: What is the difference between HJPN and J100?

A:Betashares Japan Currency Hedged ETF (ASX:HJPN) focuses on Japanese exporters with currency hedging, while Global X Japan TOPIX 100 ETF (ASX:J100) tracks the broader TOPIX 100 index without currency hedging.

Q: Does Ellerston Asia Growth Fund Complex ETF (ASX:EAFZ) invest only in Asia ex-Japan markets?

A:No. While benchmarked against an Asia ex-Japan index, EAFZ held an 8.61 per cent allocation to Japan at the time of reporting.

Q: Which fund in this group has the largest fund size?

A:Betashares Japan Currency Hedged ETF (ASX:HJPN) held the largest fund size, at $325.54 million.

Q: Which fund in this group is the most recently listed?

A:Global X Japan TOPIX 100 ETF (ASX:J100) was admitted to the ASX on 25 November 2025, the most recent listing date among the five funds.

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