The aggregate assets of exchange-traded funds (ETFs) listed in Taiwan as of the end of June had surpassed NT$6.5 trillion (US$216.96 billion), with more than 270 ETFs on the market, the Taiwan Stock Exchange (TWSE) said yesterday at a news conference to promote October’s ETF Investment Expo.
The local ETF market has grown rapidly over the past two decades, becoming the third-largest in Asia, TWSE chairman Sherman Lin (林修銘) said.
Last year alone, the market expanded 65 percent from the previous year, TWSE data showed.
Photo courtesy of the Taiwan Stock Exchange
Last year, the market was about 38 times larger than it was a decade ago, when it was NT$167.1 billion, the data showed.
The number of beneficiaries of the Taiwan ETF market has reached 15.44 million, indicating strong local acceptance and participation in ETF investment, Lin said.
An ETF, which operates like a mutual fund, serves as a type of pooled investment security and typically tracks an index, sector, commodity or other asset.
However, an ETF can also be bought or sold on a stock exchange.
Taiwan’s ETF market has continued to expand in the past few years, with a variety of diversified and thematic investment products for investors across generations and with different needs, Lin said.
Popular products include those that focus on high dividends, artificial intelligence technology, semiconductors, environmental, social and governance sustainability, and electric vehicles, he said.
In particular, the launch of active ETFs and passive multi-asset ETFs is a highlight of this year’s market, he added.
To help the public become familiar with ETF products that suit their needs and the trend of market innovation, this year’s expo at the Kaohsiung Exhibition Center is to feature five special exhibition areas, special lectures, as well as programs for interactive experiences and investment education, the TWSE said.
The event is to run from Oct. 17 to 19, it said.
Shares of contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) came under pressure yesterday after a report that Apple Inc is looking to shift some orders from the Taiwanese company to Intel Corp. TSMC shares fell NT$55, or 2.4 percent, to close at NT$2,235 on the local main board, Taiwan Stock Exchange data showed. Despite the losses, TSMC is expected to continue to benefit from sound fundamentals, as it maintains a lead over its peers in high-end process development, analysts said. “The selling was a knee-jerk reaction to an Intel-Apple report over the weekend,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to remain Apple Inc’s primary chip manufacturing partner despite reports that Apple could shift some orders to Intel Corp, industry experts said yesterday. The comments came after The Wall Street Journal reported on Friday that Apple and Intel had reached a preliminary agreement following more than a year of negotiations for Intel to manufacture some chips for Apple devices. Taiwan Institute of Economic Research (台灣經濟研究院) economist Arisa Liu (劉佩真) said TSMC’s advanced packaging technologies, including integrated fan-out and chip-on-wafer-on-substrate, remain critical to the performance of Apple’s A-series and M-series chips. She said Intel and Samsung
POWER BUILDUP: Powered by Nvidia’s B200 Blackwell chips, the data center would support MediaTek’s computing power demand and business growth, the company said Smartphone chip designer MediaTek Inc (聯發科) yesterday launched a new artificial intelligence (AI) data center with a maximum capacity of 45 megawatts to meet its rising demand for computing power required to develop new advanced chips for AI applications. The company has completed the first-phase computing power buildup at the data center in Miaoli County’s Tongluo Township (銅鑼), providing 15 megawatts of capacity to support its research and development (R&D) capabilities, despite an industrywide shortage of key components, MediaTek said. Supply constraints have plagued a wide range of key components, including memory chips, solid-state drives, power supply units and central
TRANSITION: With the closure, the company would reorganize its Taiwanese unit to a sales and service-focused model, Bridgestone said Bridgestone Corp yesterday announced it would cease manufacturing operations at its tire plant in Hsinchu County’s Hukou Township (湖口), affecting more than 500 workers. Bridgestone Taiwan Co (台灣普利司通) said in a statement that the decision was based on the Tokyo-based tire maker’s adjustments to its global operational strategy and long-term market development considerations. The Taiwanese unit would be reorganized as part of the closure, effective yesterday, and all related production activities would be concluded, the statement said. Under the plan, Bridgestone would continue to deepen its presence in the Taiwanese market, while transitioning to a sales and service-focused business model, it added. The Hsinchu
RSS