Taiwan Top50 Tracker Fund
| Company type | Fund |
|---|---|
| (TWSE: 0050, SEHK: 3002) (Chinese: 台灣50) | |
| Founded | 2003 |
| Headquarters | , |
| Company type | Fund |
|---|---|
| (TWSE: 006208, (Chinese: FB台50) | |
| Founded | 2012 |
| Headquarters | , |
The Taiwan Top50 Tracker Fund or TTT is an exchange-traded fund holding Taiwan stocks. The fund tracks the FTSE TWSE Taiwan 50 Index.[1]
History
On August 19, 2009, Taiwan 50 (HKEx: 3002) was listed on the Hong Kong Stock Exchange, becoming the first Taiwan ETF with cross-border listing in Hong Kong.[2]
On October 20, 2010, Taiwan Futures Exchange (TFE) announced Taiwan 50 as a marketable security for margin calls on futures transactions.[3] After going ex-dividend on October 25 of the same year, the Taiwan 50 completed its dividend fill in 11 trading days, as foreign investors targeted large-capitalization stocks for buying.[4][5]
After the Lunar New Year in 2011, foreign investors sold a lot of Taiwan stocks, and the proportion of foreign investors in the Taiwan 50 dropped drastically, but local corporations entered the market at a low price, and the total size of the fund grew against the trend.[6] In June of the same year, foreign investors applied for conversion of their holdings into Taiwan 50s to avoid participating in the ex-dividend for equity shares and avoiding the 20% capital gains tax.[7] In August of the same year, when Taiwan stocks fell hard, the Taiwan 50 became the first choice of the government stock banks to protect their stocks, and on August 9, it recorded a huge turnover of 137,654 shares.[8][9]
Top 10 holdings
- Taiwan Semiconductor Manufacturing Company
- Hon Hai Precision Industry
- MediaTek
- Formosa Plastics
- Nan Ya Plastics (Formosa Plastics Group)
- Chunghwa Telecom
- Formosa Chemicals & Fibre (Formosa Plastics Group)
- Cathay Financial Holding
- Delta Electronics
- China Steel
(as of Jan. 2014)
External links
- Yahoo! Finance page for 0050.TW
- Yahoo! Finance page for 006208.TW
- Bloomberg page for 0050:TT
- Bloomberg page for 006208:TT
References
- ^ Specification of Taiwan Top50 Tracker Fund (TTT)
- ^ "寶來台灣卓越50基金今港掛牌". Archived from the original on 2020-03-30. Retrieved 2011-06-20.
- ^ "台灣50ETF 可做抵繳期貨保證金標的". Archived from the original on 2020-11-23. Retrieved 2020-05-02.
- ^ 外資狂買大型股 台灣五十ETF11天就填息[permanent dead link]
- ^ "高價股當道 買ETF搭上股王列車". Archived from the original on 2012-01-11. Retrieved 2010-11-19.
- ^ 兩大權值ETF 土洋法人對作[permanent dead link]
- ^ "外資躲進台灣50 避稅避險". Archived from the original on 2011-07-18. Retrieved 2011-07-17.
- ^ 官股行庫銀彈滿滿！護盤指標首選台灣50[permanent dead link]
- ^ 《台北股市》護盤！台灣50爆13.76萬張天量[permanent dead link]