The nation's third exchange-traded fund (ETF), Fubon Taiwan Technology Tracker Fund, debuted yesterday to provide an alternative tool with lower risks for investors interested in technology stocks.
The ETF introduced by Fubon Asset Management Co (
The stocks include Taiwan Semiconductor Manufacturing Co (台積電), Delta Electronics Inc (台達電), Hon Hai Precision Industry Co (鴻海精密), Siliconware Precision Industries Co (矽品精密) and Compal Electronics Inc (仁寶電腦).
ETFs track an index, but can be traded like a stock. Each share of the current versions of ETFs tracks a basket of stocks in some index or benchmark, providing investors with a vehicle that closely parallels the performance of these benchmarks while allowing for intra-day trading.
Political turmoil involving an ongoing sit-in protesting against President Chen Shui-bian (
The TAIEX dropped by 1.02 percent, while technology stocks slid by 1.27 percent yesterday.
There were 2.968 million shares traded yesterday.
"Technology stocks are the mainstream in the local bourse that account for 56.5 percent of capitalization and 78.8 percent of transactions," said Yu Ching-teh (
Technology ETFs also constitute 70 percent of foreign investors' top 10 holdings, Yu said. By choosing a basket of stocks, investors can disperse risk from a single pick, he said.
Another benefit of ETFs is the low stock exchange tax, which is 0.1 percent of a transaction, compared with 0.3 percent for common stocks, Yu said.
As the second half of the year is the traditional peak season for electronics and technology companies, Yu said that Fubon Taiwan Technology will perform well.
The nation's first two ETFs are offered by International Securities Investment Trust Co (
On Tuesday, US President Donald Trump weighed in on a pressing national issue: The rebranding of a restaurant chain. Last week, Cracker Barrel, a Tennessee company whose nationwide locations lean heavily on a cozy, old-timey aesthetic — “rocking chairs on the porch, a warm fire in the hearth, peg games on the table” — announced it was updating its logo. Uncle Herschel, the man who once appeared next to the letters with a barrel, was gone. It sparked ire on the right, with Donald Trump Jr leading a charge against the rebranding: “WTF is wrong with Cracker Barrel?!” Later, Trump Sr weighed
HEADWINDS: Upfront investment is unavoidable in the merger, but cost savings would materialize over time, TS Financial Holding Co president Welch Lin said TS Financial Holding Co (台新新光金控) said it would take about two years before the benefits of its merger with Shin Kong Financial Holding Co (新光金控) become evident, as the group prioritizes the consolidation of its major subsidiaries. “The group’s priority is to complete the consolidation of different subsidiaries,” Welch Lin (林維俊), president of the nation’s fourth-largest financial conglomerate by assets, told reporters during its first earnings briefing since the merger took effect on July 24. The asset management units are scheduled to merge in November, followed by life insurance in January next year and securities operations in April, Lin said. Banking integration,
LOOPHOLES: The move is to end a break that was aiding foreign producers without any similar benefit for US manufacturers, the US Department of Commerce said US President Donald Trump’s administration would make it harder for Samsung Electronics Co and SK Hynix Inc to ship critical equipment to their chipmaking operations in China, dealing a potential blow to the companies’ production in the world’s largest semiconductor market. The US Department of Commerce in a notice published on Friday said that it was revoking waivers for Samsung and SK Hynix to use US technologies in their Chinese operations. The companies had been operating in China under regulations that allow them to import chipmaking equipment without applying for a new license each time. The move would revise what is known
Artificial intelligence (AI) chip designer Cambricon Technologies Corp (寒武紀科技) plunged almost 9 percent after warning investors about a doubling in its share price over just a month, a record gain that helped fuel a US$1 trillion Chinese market rally. Cambricon triggered the selloff with a Thursday filing in which it dispelled talk about nonexistent products in the pipeline, reminded investors it labors under US sanctions, and stressed the difficulties of ascending the technology ladder. The Shanghai-listed company’s stock dived by the most since April in early yesterday trading, while the market stood largely unchanged. The litany of warnings underscores growing scrutiny of
RSS