2023-11-30 10:31:20
The “national ETF” with the largest number of investors, Cathay Sustainable High Dividend ETF (00878-TW) is the underlying index tracked – MSCI Taiwan ESG Sustainable High Dividend Select 30 Index. Its latest constituent stock adjustment in the second half of the year will take effect following the close of trading today (30). There are three new constituent stocks this time, including UMC (2303-TW), world advanced (5347-TW),Unite (1216-TW); Delete four constituent stocks, including Acer (2353-TW), development funds (2883-TW), Sinosteel (2002-TW), Nanya (2408-TW)。
According to MSCI index company information, among the constituent stocks in this adjustment, United Microelectronics, World Advanced Technology, Uni-President, etc. were included because they met the standards in terms of dividend score ranking and ESG performance; Sinosteel and Nanya Co., Ltd. have turned negative due to their combined EPS in the past four quarters, and their development funds have The dividend score dropped and the dividend payment once fell below the bottom 10% of the parent company. Acer was deleted due to the drop in ESG controversy score.
Overall, this adjustment still maintains the characteristics of the 00878 underlying index that has always been relatively stable and has a low turnover rate, and the number of share swaps is not large. 00878 The underlying index mainly selects companies with stable dividend distribution in the past three years and good dividend yield in the past 12 months. It focuses on the medium and long-term dividend stability of the company and does not increase the nominal yield through high turnover methods such as large-scale share swaps. In order to appeal, the probability of investing in cyclical stocks or companies that increase dividends due to one-time gains is reduced.
The legal person pointed out that looking back, following 00878 became the only one-million-popular ETF in the Taiwan market in April this year, the number of beneficiaries continued to hit new highs, reaching 1.182300 as of 11/24. 00878 went ex-dividend on 11/16, and it only took 4 trading days to complete the interest payment, which means that the actual dividends have been firmly pocketed by more than one million investors who participated in the ex-dividend. As for the public concern that the profits of the financial industry have greatly improved, dividend distribution next year is quite expected. About 20% of the constituent stocks of the 00878 tracking index are financial stocks, which is also one of the ETFs that will benefit.
In addition, “Cathay Taiwan Leader 50”, which is also a sister group to 00878 (00922-TW)”, the latest component stock adjustment also took effect following the market closed on 11/30. This time, 3 in and 3 out, Compal (2324-TW), MSI (2377-TW), creativity (3443-TW); delete China Steel (2002-TW), Yang Ming (2609-TW), Taiwan High Speed Rail (2633-TW). The “MSCI Taiwan Leaders 50 Select Index” tracked by 00922 has been screened and adjusted by market capitalization, annual earnings, and MSCI Low Carbon Transformation Score to select 50 Taiwan stock leader companies, which are suitable for investors as long-term investment targets.According to data in the past 10 years (2013/11/26~2023/11/24), the cumulative interest-bearing return of the 00922 underlying index reached 233%, which is better than Taiwanweighted index205%, which indeed shows advantages in long-term performance.
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