News Article
Primasia to launch NT$30 bln global semiconductor ETF
Taiwan fund-management firm Primasia Investment Trust Co. plans to launch a NT$30 billion exchange-traded fund (ETF) linked to an index of 50 global semiconductor stocks in late March or early April.
Taiwan fund-management firm Primasia Investment Trust Co. plans to launch a NT$30 billion exchange-traded fund (ETF) linked to an index of 50 global semiconductor stocks in late March or early April.
It will be Taiwan's first ETF that also tracks foreign stocks and will provide investors with exposure to the global semiconductor industry. The ETF will trade on the over-the-counter market and be aimed at local institutional investors.
It will initially be denominated in Taiwan dollars, but will switch to being U.S. dollar-denominated on approval from the island's central bank.
Seven ETFs now trade in Taiwan, but all of them are listed on the Taiwan Stock Exchange.
The semiconductor ETF will include nine Taiwan companies, and 41 U.S., South Korean and Japanese firms.
It will be Taiwan's first ETF that also tracks foreign stocks and will provide investors with exposure to the global semiconductor industry. The ETF will trade on the over-the-counter market and be aimed at local institutional investors.
It will initially be denominated in Taiwan dollars, but will switch to being U.S. dollar-denominated on approval from the island's central bank.
Seven ETFs now trade in Taiwan, but all of them are listed on the Taiwan Stock Exchange.
The semiconductor ETF will include nine Taiwan companies, and 41 U.S., South Korean and Japanese firms.
