Taiwan’s exchange traded fund (ETF) surged 3.3% last week, undaunted by reports that the economy there grew at a slower pace last month.
Taiwan’s president, however, points out that the country’s economy expanded a healthy 13.1% in the first half of the year from a year earlier. The president also says that foreign investment in the country has surged since signing a trade deal with China, says Focus Taiwan.
Despite the slower growth in the country, iShares MSCI Taiwan (NYSEArca: EWT) has held up, gaining 3.3% last week. It’s up 12% in the last three months, as well. Part of the reason may be because Taiwan is not putting all its eggs in China; the country wants to open its doors to the world.
IQ Taiwan Small-Cap (NYSEArca: TWON) is up 1.2% in the last month and 10.9% in the last three months.
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