MANGOS Concept Stocks Drive AI and Power Infrastructure ETFs

Following the global AI investment boom, investors are increasingly focusing on a new stock concept termed "MANGOS," which includes Meta Platforms, Anthropic, Nvidia, Google, OpenAI, and SpaceX. This trend is driving substantial inflows into related exchange-traded funds (ETFs).

According to CMoney statistics, six ETFs aligned with the MANGOS concept, covering AI computing power, power infrastructure, and space economy, rank among the top 10 overseas stock ETFs by asset growth this year as of June 17. These ETFs have collectively attracted approximately 103.4 billion yuan in the first half of the year, with many achieving double-digit returns.

Among non-tech sectors, the Shin Kong U.S. Power Infrastructure ETF (009805) and the First Financial Space Satellite ETF (00910) have been the most popular, adding 6.833 billion yuan and 6.743 billion yuan, respectively, in the first half. In the tech sector, ETFs like Fubon NASDAQ, Cathay Philadelphia Semiconductor, and Cathay Taiwan-Korea Technology have seen their assets grow by over 10 billion yuan since the beginning of the year.

Investment teams highlight that the escalating demand for AI continues to drive capital expenditure from major cloud service providers. However, with rising valuations and increased volatility in major U.S. tech stocks, U.S. power stocks are emerging as an attractive, undervalued, and defensive investment. These stocks offer a dual benefit of AI growth potential and energy sector stability, making them a suitable long-term hedge and a prime defensive asset within the MANGOS concept.

Taishin Investment emphasizes that the global "AI + industry" is entering a critical "power-driven" phase. As tech giants compete fiercely for computing power, they are now shifting focus to securing electricity assets. The article points to the merger trend in the U.S. power utility sector, exemplified by NextEra Energy's acquisition of Dominion Energy, as evidence of the intense demand for electricity driven by AI. Investing in U.S. power infrastructure ETFs offers exposure to the entire U.S. power ecosystem, from generation to distribution, combining AI growth themes with stable cash flow characteristics.

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The "AI + industry" will enter a hellish stage of "power決勝" (power determines victory). Global tech giants, from competing for computing power, are now turning to fully seize power assets.