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Taiwanese investors turn to local ETFs amid semiconductor euphoria Taiwan’s exchange-traded fund (ETF) market is becoming increasingly driven by domestic equity funds because of the booming semiconductor industry and changing investor preference, according to an official at the local bourse. Equity and bond. To continue reading this article, you need a subscription to view this article. Log in below or buy a subscription to enjoy unlimited access to www.asiaasset.com s quickly growing 7,000 article database. Log In to Access This Article Remember Me

Taiwan amp rsquos exchange traded fund etf market is becoming increasingly driven by domestic equity funds because of the booming semiconductor industry and changing investor preferenceAccording to an official at the local bourse equity and bond etf assets in taiwan grew 5 year on nt 1 8 trillion us 63 billion 2020 thanks significant flows into thematic sector fundsSays albert chouVice president of corporate planning and strategy department at the taiwan stock exchange twse amp ldquo local investors had growing demand for equity etfs with global rally stemming from major governments rsquo covid 19 stimulus packagesAmp rdquo he says in an interview with asia asset management retail investors particular are favouring thematic etfsWhich give them access to fast growing sectors such as environmentalSocial and governance esg5g telecommunicationsAnd electric vehicles taiwan amp rsquos economy was among the handful that expanded last year when most others were buffeted by coronavirus pandemic gross domestic product grew 2 98Galvanised by robust new technology industries taiwan semiconductor manufacturingThe island amp rsquos largest chip makerAccounts for over 50 of global production amp ldquo the reallocation from foreign to domestic assets is also reflected in wax and wane between etfs tracking taiwanese stocks offshoreAmp rdquo chou says assets of domestic equity etfs soared 85 year on to nt 357 billion in 2020 while foreign declined 15 117 overall twse listed rose 561 from 428 2019 currently account for around 1 taiwan rsquos stock market valuation most these are funds as bond the taipei exchange also attributes etf growth partly fact that bourse upgraded its trading system march previous call auction which matched orders buyers and sellers five second intervals he new continuous is more efficient line with other asian boursesAnd that the upgradeTogether with the implementation of intraday odd lot trading in october 2020Has attracted more active investor participation and propelled etf trading volumes bond etfs changing sentiment about us government bonds weighed on taiwan amp rsquos last year chou says many investors consider treasuries to be less attractive as they believe the federal reserve will have little room for further rate cuts ldquo market perception led redemptions of nt 140 billion from eight fixed income