2024-04-03 05:24:24
The “Yanta Taiwan Value High Interest ETF” (00940) launched by Yuanta Investment Trust has set off an investment boom in Taiwan. According to Bloomberg estimates, 30 trading days following listing, the asset size of 00940 will reach an astonishing US$8 billion, becoming a global ETF The highest, even surpassing the records set by all Bitcoin spot ETFs.
(Preliminary summary: 00940 broke through on the first day of listing, “700,000 investors wailed”, netizens laughed: It is better to buy Bitcoin!)
(Background supplement: Bitcoin vs. Taiwan’s popular ETF 00940, who performed better? Look at performance and risk at once)
Taiwan is keen on investing in high-dividend ETFs. The “Yanta Taiwan Value High-Dividend ETF” (00940) launched by Yuanta Investment Trust, with its flagship issue price of 10 yuan per share and monthly dividends, has made a profit in just 5 days last month. It raised 175.2 billion yuan, breaking the record for the scale of ETF listing in Taiwan, and benefiting more than 700,000 people.
Bloomberg Senior ETF Analyst Eric Balchunas 2ndTweetThe shared data pointed out that according to Bloomberg estimates, 00940’s assets will reach a staggering US$8 billion following 30 trading days of listing, surpassing the assets of the Bitcoin spot ETF “IBIT” launched by BlackRock one month following its listing. A record size of US$7.2 billion.
Eric Balchunas said:
So shocking: Taiwan’s high-dividend ETF 00940 attracted US$5.5 billion in the first two weeks of issuance, which is equivalent to a US ETF attracting US$60 billion. This beats all issued Bitcoin ETFs in the US and may break IBIT’s 30 days on the market. records of asset size.
This is a huge win for international ETFs, Asia and TradFi.
In Taiwan, investors are keen on dividend distribution. High-dividend ETFs account for regarding 20% of the entire Taiwan ETF market, while in the United States, high-dividend ETFs account for regarding 4% of the U.S. market. In addition, Taiwan’s high-dividend ETFs raise more funds than the United States. Much more, which is a huge number for this market.
00940 will break once it is listed.
However, it is worth noting that although it is loved by Taiwanese retail investors, 00940 broke through on its first day of listing on the 1st, closing down 0.16 yuan or 1.61% to 9.76 yuan that day, lower than the issue price of 10 yuan, leaving 700,000 investors There is a lot of distress, and investors who used credit or mortgages to purchase 00940 are complaining.
00940 is currently trading at 9.80 yuan today, and there is still some way to go before it returns to the issue price.
00940 trend chart. Source: Yahoo
The total size of Taiwan’s ETFs ranks third in Asia
According to the Investment Credit and Investment Consulting Association, thestatisticsthe scale of Taiwan ETFs has expanded rapidly in recent years, from more than 1.6 trillion yuan at the end of 2019 to more than 4.1 trillion yuan by the end of February this year. Among them, the scale of Taiwan stock ETFs surged from 127.4 billion yuan to more than 1.5 trillion yuan. In just over 4 years, the growth rate has reached nearly 12 times, which is the highest among all types of ETFs.
From the perspective of Asia, as of last year, Taiwan’s ETF assets ranked third in Asia, second only to Japan and China, and its trading volume ranked fifth in Asia, lagging behind China, South Korea, Hong Kong, and Japan. Therefore, there are still investment companies that believe that Taiwan ETFs aren’t too crazy yet.
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