The Taiwan Monthly

Feb. 2020

Market Overview
As of the end of December 2019, there were 942 companies listed on the TWSE with a total market value of NTD 36.4 trillion. Also, our market is noticeable for the high dividend yield (3.82%) and fairly reasonable P/B (1.8) and P/E (19.57) ratio.
ETF: Asset Under Management
The AUM of ETFs on the TWSE has demonstrated a continuous increasing trend since 2013. As of the end of December 2019, there were 121 ETFs listed on the TWSE with a total AUM of NTD 429 billion.
ETF: Trading Info
As of the end of December 2019, the ETF average daily trading value was 8.6 billion. Also, the ETF trading value accounts for 7.16% of the total trading value on the TWSE.

Top 10 ETFs by AUM
As of the end of December 2019, the top 10 ETFs by AUM are as follows:

Rank	Stock code	Name of Fund	Fund Type	AUM (bn NTD)
1	0050	Yuanta/P-shares Taiwan Top 50 ETF	Domestic Capitalization	66.51
2	00632R	Yuanta Daily Taiwan 50 Bear -1X ETF	Domestic L/I	60.35
3	0056	Yuanta/P-shares Taiwan Dividend Plus ETF	Domestic Theme	31.4
4	00637L	Yuanta Daily CSI300 Bull 2X ETF	Foreign L/I	28.67
5	00774B	Shin Kong 10 Years China Treasury Policy Bank Green Bond ETF	Foreign Bond	25.58
6	00633L	Fubon SSE180 Leveraged 2X Index ETF	Foreign L/I	18.08
7	00861	Yuanta Global NextGen Communications ETF	Foreign	14.68
8	00710B	Fuh Hwa 1-5 Yr High Yield ETF	Foreign Bond	12.26
9	00677U	Fubon S&P 500 VIX Short-term Futures ETF	Futures	10.94
10	00732	Cathay FTSE Chinese Government and Policy Bank Bond 0-1 Year Select ETF	Foreign	10.36

For further information of ETFs, please refer to the following link: https://www.twse.com.tw/en/page/ETF/list.html

ETN: Market Snapshot
As of the end of December 2019, there were 9 ETNs listed on the TWSE with a total market value of NTD 2,302 million and a total trading value of NTD 1,985 million. For further information of ETNs, please refer to the following link: https://www.twse.com.tw/en/ETN/list

For further information, please contact Ms. Nieh at 1196@twse.com.tw.