By: Tien Yu-pin and Frances Huang
Taipei, May 14 (CNA) Taiwan’s exchange traded fund (ETF) market has already achieved a
global reach by trading products which track indexes in the major equity markets of the world, according to the Taiwan Stock Exchange (TWSE).
The TWSE said that after Cathay Securities Investment Trust Co. (國泰投信), a subsidiary of Cathay Financial Holding Co. (國泰金控), issued three ETFs on May 9 linked to the equity market in Tokyo, Taiwan’s ETF market has a wider range of products tracking foreign markets, including Taiwan, Hong Kong, China, the United States, India and Japan.
Cathay Securities Investment Trust issued the three ETFs tracking the Tokyo market, including the Nikkei 225 Index, the FTSE Japan 2X Daily Leveraged Index and the FTSE Japan Daily Short Index to provide investors here more options to park their money.
The three ETFs issued by Cathay Securities Investment Trust have raised funds totaling almost NT$1.8 billion (US$552 million) in the local market. [FULL STORY]