Taiwan News  
Date: 2018/02/18
By:  Central News Agency

Taipei, Feb. 18 (CNA) A move by MSCI Inc., a global index provider, to cut Taiwan’s

MSCI expected to cut Taiwan weighting in two of its major funds, says FSC. (By Central News Agency)

weighting in two of its major indexes, is expected to prompt foreign institutional investors to remit about NT$1.1 billion out of the country, according to an estimate by the Financial Supervisory Commission (FSC).

Chien Hung-ming, chief secretary of the FSC’s Securities and Futures Bureau, said earlier this week that a fund drain following the latest weighting cut by MSCI is expected to hit about US$38 million.

However, Chien said the fund outflow is unlikely to have an adverse impact on the local equity market, as the money is dwarfed by NT$1.37 trillion in market capitalization owned by foreign institutional investors in the local equity market.    [FULL  STORY]