EWT is heavily weighted towards Technology (54.82%), followed by Financial Services (15.81%) and Basic Materials (11.49%), with top holdings of Taiwan Semiconductor Manufacturing Co Ltd. (21.83%), Hon Hai Precision Ind. Co. Ltd. (5.91%), and MediaTek Inc (3.43%).
With more than 21% of the overall basket being in one name, Taiwan Semi, whose ADR trades actively here in the U.S. under ticker TSM, it is fair to say that the performance of this ETF will be unduly affected at times by the trend in the broad technology sector related to chips and chipmakers, and we note that TSM itself is currently trading at its lowest levels since this spring, creating a bit of a drag for the overall index.
Another significantly smaller offering devoted to the Taiwan Equity space is FTW (First Trust Taiwan AlphaDEX, Expense Ratio 0.80%) but we would note that the fund does not trade regularly.
Several other ETFs to take note of that have substantial exposure to Taiwan but are not Taiwan specific, include GMFS (SPDR S&P Small Cap Emerging Asia Pacific, Expense Ratio 0.65%), EWX (SPDR S&P Emerging Markets Small Cap, Expense Ratio 0.65%), DVYE (iShares Emerging Markets Dividend, Expense Ratio 0.49%), and AAIT (iShares MSCI All Country Asia Information Technology, Expense Ratio 0.69%).
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