Posted inEquities

Fubon lists two Taiwan ETFs

The funds are traded on the Hong Kong stock exchange.
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The Fubon ICE FactSet Taiwan Core Semiconductor Index ETF (3076.HK) and the Fubon FTSE Taiwan RIC Capped Index ETF (3021.HK) track the ICE FactSet Taiwan Core Semiconductor Index and the FTSE Taiwan RIC Capped Index respectively.

“Semiconductors has become a hot investment theme since last year and we believe that TSMC is nothing new to investors. With the integrated semiconductor supply chain in Taiwan, there are many semiconductor stocks which have large growth potential other than TSMC,” said Alan Ng, managing director at Fubon Fund Management (HK).

“The newly launched ETF enables investors to unlock the growth opportunities in the industry.”

Taiwan is a key region for the global semiconductor industry and the Taiwan Semiconductor Manufacturing Co. (“TSMC”) has a global market share of more than 64.2% and a pivotal role in the global semiconductor supply chain.

The ICE FactSet Taiwan Core Semiconductor Index tracks the performance of the top semiconductor stocks in Taiwan, and posted a three-year cumulative return of 46.28% as of 30 November, according to the fund manager.

Both funds have a listing price of $1 with a trading board lot size of 200 units.

The Fubon FTSE Taiwan RIC Capped Index ETF, the first ETF in HK which tracks the FTSE Taiwan Index, according to the fund management firm.

The index represents the performance of Taiwan large and mid capitalisation stocks, with no more than 20% of the index’s weight allocated to a single constituent.

The index has 20% exposure to TSMC as of the end of 2021 and posted a three-year cumulative return of 103.2% according to the factsheet provided by FTSE Russell.

Fubon Fund Management is a wholly owned subsidiary of the Taiwan-based Fubon Financial Holdings.

As of 30 November last year, Fubon Asset Management launched 63 mutual funds, including 43 ETFs, and has a total AUM of TW$372.9bn ($13.48bn).

Last week, Fubon Financial Holdings’ other subsidiary, Taipei Fubon Bank, announced to set up a wealth management platform in partnership with Avaloq for its private banking business in Hong Kong, Singapore and Taiwan.

Part of the Mark Allen Group.