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.
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