By: Tien Yu-pin and Frances Huang
Taipei, Nov. 18 (CNA) An exchange traded fund (ETF) that tracks equities in Taiwan has gained a following among investors in South Korea, according to the Taiwan Stock Exchange (TWSE).
The TWSE, which operates Taiwan’s main exchange, said the Tiger Taiwan TAIEX (H) ETF issued by South Korea’s Mirae Asset Global Investments has ranked among the top 20 actively traded ETFs in Seoul, where more than 200 ETFs are listed, since it was launched in early October.
Taiwan and South Korea launched mutual listings of exchange traded funds (ETFs) in each other’s stock market on Oct. 7, a sign of closer business ties between the two countries as Taiwan sought to boost the global visibility of its equity market.
The Tiger Taiwan TAIEX (H) ETF tracks the Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX), the benchmark index for Taiwan’s main stock market. [FULL STORY]