Allianz Global Investors (GI) has officially entered the global active exchange-traded-fund (ETF) market with the launch of a new active equity ETF product in Taiwan.
The Allianz Taiwan High Dividend Growth Active ETF will invest in Taiwan-listed stocks, with a core dividend strategy supplemented by sub-strategies that identify growth stocks.
Tobias Pross, CEO at AllianzGI said: “We firmly believe that active investing remains the best strategy for navigating market volatility and long-term wealth creation.”
“We know that active ETFs have become increasingly attractive to part of our client base as they combine the benefits of active investments with lower costs and barriers to entry.”
“This launch reflects our mission to provide our clients with a diverse range of active investing solutions that meet their needs.”
Late last year, Taiwan’s Financial Supervisory Commission (FSC) opened its market to active ETFs, making it the third Asian market to do so after Japan and Singapore.
Taiwan was chosen as the launchpad for Allianz GI’s first active equity ETF because of its growing capital market and “increasing global recognition and advancing towards becoming a key asset management hub in Asia”, the firm said in a press release.
Pross said: “Taiwan’s dynamic capital market and the increasingly sophisticated needs of local investors align closely with our global strategy.”
“We will continue to prioritize client needs and developing innovative products to earn the trust of Taiwanese investors through consistent long-term performance and effective risk management.”
Ivy Chen, head of Taiwan at AllianzGI added: “This strategic move strengthens our leadership in active asset management and supports our ambition to grow our presence in the active ETF space.”
Taiwan’s ETF market has grown to roughly $200bn in assets, according to the Securities Investment Trust and Consulting Association of Taiwan.
