TWSE Adds Eight Additional Products to Taiwan’s ETF Universe in October

The addition of Cathay DJIA ETF and Cathay DJIA Inverse 1X ETF adds to rapidly growing market.

Taiwan Stock Exchange (TWSE) has announced that eight more products have been added to Taiwan’s ETF Universe in October, 2016 including the Cathay DJIA ETF and Cathay DJIA Inverse 1X ETF, which listed today in Taipei.

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The two ETFs, issued by Cathay Securities Investment Trust Co., provide investors with flexible ways of tracking the Dow Jones Industrial Average (DJIA) Index, a price-weighted average of 30 significant stocks traded on the NYSE and the NASDAQ that include well known corporations such as Apple, Coca Cola, IBM, 3M, Disney and Visa, among others.

The other ETFs recently listed were:

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  • Fubon TAIEX Daily 2X Leveraged ETF (listed on 5 October)
  • Fubon TAIEX Daily -1X Inverse ETF (listed on 5 October)
  • Yuanta S&P GSCI Gold 1x Inverse ER Futures ETF (listed on 7 October)
  • Yuanta S&P GSCI Crude Oil 2x Leveraged ER Futures ETF (listed on 7 October)
  • Yuanta S&P GSCI Crude Oil 1x Inverse ER Futures ETF (listed on 7 October)
  • Yuanta KOSPI 200 ETF (listed on 7 October)

The size of Taiwan’s ETF market has grown quickly over the past few years.

Dr. Jun-ji Shih, Chairman of the Taiwan Stock Exchange commented, “The size of Taiwan’s ETF market has grown quickly over the past few years, especially after the introduction of leveraged and inverse products in 2014. In particular, we are pleased to see the addition of more ETF products tracking markets outside of Taiwan, which are proving particularly popular with investors and are helping further internationalize the Taiwan market.”

As of the 14 October 2016, the total AUM of the Taiwan ETF market was US$7.92 billion, with an average trading of US$231 million, representing over 9 percent of total trading on the TWSE. There is now a total of 61 ETFs listed on the TWSE.

Earlier this month, TWSE announced the cross listing of ETFs with Korea Exchange (KRX), tracking the benchmark indices of both markets to expand the growing links and cooperation between the two bourses.

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