Shin Kong Taiwan Semiconductor 30 ETF is listed today and TSMC’s honeymoon period fails.

The third domestic semiconductor ETF recruit “Shin Kong Taiwan Semiconductor 30 ETF (00904)” was officially listed on the market today (7), mainly targeting the top 30 Taiwan semiconductor stocks with the largest market capitalization. However, the Taiwan stock market fell sharply, and the 00904 stock price did not stage a newly listed honeymoon market. It opened at 14.54 yuan, the lowest intraday price once It fell to 14.22 yuan, or nearly 4%.

The third domestic semiconductor ETF recruit “Shin Kong Taiwan Semiconductor 30 ETF” was officially listed today (7th).Figure/Schematic

Taiwan stocks fell sharply today, and the semiconductor group of Taiwan stocks has become the hardest hit area. The power king TSMC (2330) fell more than 3%, and the lowest intraday fell by 20 yuan to 575 yuan; while MediaTek (2454) fell by more than 5%. The lowest price was 970 yuan, and it fell directly out of the list of thousands of gold. The Shin Kong Taiwan Semiconductor 30 ETF suffered a bad run as soon as it was listed, and the honeymoon market failed.

According to the official website of Shin Kong Investment Trust, the tracking index of Shin Kong Taiwan Semiconductor 30 ETF is “Taiwan Market-wide Semiconductor Select 30 Index”. The constituent stocks are adjusted quarterly, and the top 30 semiconductor stocks by market value are selected. The top ten constituent stocks are TSMC, MediaTek, UMC, Silicon Power-KY, Realtek, Novatek, ASE Holdings, Universal Crystal, Pray-KY and Liwang.

At present, there are three ETFs related to semiconductors in Taiwan. In addition to 00904, there are also CITIC Key Semiconductor (00891) and Fubon Taiwan Core Semiconductor (00892). In comparison, Xinguang Taiwan Semiconductor 30 ETF fund manager Wang Yunru said that 00904’s TSMC The proportion is the highest among ETFs of the same type, and it is also screened by the simplest and most intuitive market value, which represents the market’s optimism regarding the company’s competitiveness and long-term prospects.

Wang Yunru said that she is optimistic regarding Taiwan’s semiconductor industry in 2022, which still has the potential for rapid growth. Emerging applications such as 5G, HPC, and AIoT will rise, especially advanced processes and advanced packaging technology led by TSMC. In the future, other Taiwanese semiconductors will be listed in the development of different technology fields. Cabinet companies will also start a new round of rising cycle.

(Review: Ye Yiru)

Further reading

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