The Taiwan Monthly - Special Edition
Market & ETP Overview
The TWSE calls attention to the ETF delisting
The beneficiary certificates of the “Fubon S&P 500 VIX Short-Term Futures ETF (00677U)” will be delisted at the TWSE from June 3, 2021.
In accordance with the Financial Supervisory Commission (“FSC”) Order No. 1090335155 dated March 19 2020, in the last 30 business days the average unit net asset value (“NAV”) of this fund has cumulatively fallen 90% compared to the initial unit NAV, the futures trust agreement shall be terminated.
As of April 23 2021, the average unit NAV of 00677U over the latest 30 trading days fell to NT$1.979, which was down cumulatively by more than 90% from its initial NAV. Fubon Asset Management Co., Ltd. (“Fubon”) has applied to the competent authority for the termination of the futures trust agreement and the application has been approved, which has met the requirement of Article 50-2 of the Operating Rules of the Taiwan Stock Exchange Corporation for delisting.
The TWSE calls for those who hold the ETF shares to pay close attention to the eventual delisting. Prior to June 3, 2021, investors may continue to trade the fund units at the centralized market. After the ETF delisting, Fubon will continue to provide services to the investors. For information on their rights and privileges, investors may visit the official company website at https://websys.fsit.com.tw/FubonETF/ .
Latest development of ETPs
USD1 = NTD27.950 As of April 29, 2021
- ETFs: Asset under Management
The AUM of ETFs on the TWSE has demonstrated a continuous increasing trend since 2013. As of the end of April 2021, there were 119 ETFs listed on the TWSE with a total AUM of NTD 669 billion.
- ETFs: Trading Info
As of the end of April 2021, the ETF average daily trading value was NTD 11.81 billion. Also, the ETF trading value accounted for 3.18% of the total TWSE trading value.
- Top 10 ETFs by AUM
As of the end of April 2021, the top 10 ETFs by AUM were as follows:
For further information on ETFs, please refer to the following link: https://www.twse.com.tw/en/page/ETF/list.html
- ETNs: Market Snapshot
As of the end of April 2021, there were 16 ETNs listed on the TWSE with a total market value of NTD 21.24 billion and an average daily trading value of NTD 73.23 million. For further information on ETNs, please refer to the following link: https://www.twse.com.tw/en/ETN/list
For further information, please contact Ms. Chang at 1078@twse.com.tw.