By: Tien Yu-pin and Frances Huang
Taipei, Nov. 12 (CNA) Investors who are eying blue chips on Wall Street have been urged by the Taiwan Stock Exchange (TWSE) to invest in exchange traded funds (ETFs) that track the Dow Jones Industrial Average Index in the U.S. market.
The TWSE, which operates the local main board, said several ETFs listed on the local main board, such as the Cathay Dow Jones Industrial Average ETF Fund and the Cathay Dow Jones Industrial Average Daily Inversed ETF, issued by Cathay Securities Investment Trust Co. (CSIT), track the Dow Jones Industrial Average.
If investors to buy into these ETFs, they will able to follow closely a basket of 30 blue chips on Wall Street, such as Apple Inc., Walt Disney Co., Visa, Microsoft Corp., Coca Cola Co., Goldman Sachs, McDonald’s, Nike Inc., and 3M Co., the TWSE said.
Yu Jih-chieh (游日傑), manager of the Cathay Dow Jones Industrial Average ETF Fund, said the U.S. is the world’s largest economy and remains a dominant power, exerting tremendous influence on the global financial markets, including equities, bonds and currencies. [FULL STORY]