The Taiwan Top50 Tracker Fund or TTT is an

exchange-traded fund An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or comm ...

holding

Taiwan Taiwan, officially the Republic of China (ROC), is a country in East Asia. The main geography of Taiwan, island of Taiwan, also known as ''Formosa'', lies between the East China Sea, East and South China Seas in the northwestern Pacific Ocea ...

stocks. The fund tracks the FTSE TWSE Taiwan 50 Index.

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. On October 20, 2010, Taiwan Futures Exchange (TFE) announced Taiwan 50 as a marketable security for margin calls on futures transactions. 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. 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. 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. 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.《台北股市》護盤！台灣50爆13.76萬張天量
/ref>

Top 10 holdings

Taiwan Semiconductor Manufacturing Company Taiwan Semiconductor Manufacturing Company Limited (TSMC or Taiwan Semiconductor) is a Taiwanese multinational semiconductor contract manufacturing and design company. It is one of the world's most valuable semiconductor companies, the world' ...

* Hon Hai Precision Industry *

MediaTek MediaTek Inc. (), sometimes informally abbreviated as MTK, is a Taiwanese fabless semiconductor company that designs and manufactures a range of semiconductor products, providing chips for wireless communications, high-definition television, h ...

Formosa Plastics Formosa Plastics Corporation () is a Taiwanese plastics company based in Taiwan (formerly called "Formosa") that primarily produces polyvinyl chloride (PVC) resins and other intermediate plastic products. It is the corporation around which inf ...

*Nan Ya Plastics (

Formosa Plastics Group Formosa Plastics Group (FPG, ) is a titular Taiwanese conglomerate of diverse interests, including biotechnology, petrochemical processing and production of electronics components. The group was founded by Wang Yung-ching and his brother Wang ...

) *

Chunghwa Telecom Chunghwa Telecom (), officially Chunghwa Telecom Co., Ltd., is the largest integrated Telecommunications company, telecommunications service provider in Taiwan, providing Public switched telephone network, PSTN, mobile phone, and broadband se ...

*Formosa Chemicals & Fibre (

) * Cathay Financial Holding *

Delta Electronics Delta Electronics, Inc. (also known as DELTA or Delta Electronics) is a Taiwanese electronics manufacturing company. Its headquarters are in Neihu District, Neihu, Taipei. It is known for its direct current, DC industrial and computer fans, data ...

China Steel China Steel Corporation (CSC; ) is the largest integrated Steelmaking, steel maker in Taiwan. Its main steel mill is located in Siaogang District, Kaohsiung. The corporation and its sister companies are administrated under the CSC Group. Accordi ...

(as of Jan. 2014)

External links

Yahoo! Finance page for 0050.TWYahoo! Finance page for 006208.TWBloomberg page for 0050:TTBloomberg page for 006208:TT

References

Finance in Taiwan Taiwanese stock market indices Companies listed on the Taiwan Stock Exchange Companies listed on the Hong Kong Stock Exchange Exchange-traded funds Financial services companies established in 2003 {{Taiwan-company-stub