4 Insights with Topic: 高科技製造生態系統
Taiwan has emerged as a key beneficiary of the global AI investment cycle, delivering exceptional equity returns while remaining under-owned by international investors notwithstanding the fact that it has already become the largest market within MSCI Emerging Markets. Strong GDP growth, exports and earnings, alongside relatively attractive valuations, provide a solid fundamental backdrop. While TSMC remains the cornerstone of Taiwan’s AI ecosystem, the opportunity extends a broad range of companies spanning foundry, advanced packaging, substrates, networking, power and thermal management, and many are in fact the most leading global manufacturers in critical nodes of the AI and advanced technology supply chain. In this article, our Partner & Co-CIO David Lai discusses such dynamics and drivers behind the outperformance of our Premia FTSE TWSE Taiwan 50 ETF as the tool to capture opportunities in the broader AI value chain opportunities far beyond TSMC alone.
Sep 04, 2026
With many of the global leading high tech manufacturing players, the Taiwan stock market sits at the confluence of the global tech super cycle, robust earnings growth and modest valuations, and is home to many global leading Asian technology players. The fundamental tailwinds that drove the Taiwanese stock market’s outperformance from 4Q25 are likely to continue carrying the rally in 2026. Indeed, the Taiwan market appears to be in the early stages of its outperformance cycle. In this article, our Senior Advisor Say Boon Lim explores why in addition to TSMC, the blue chip cohort from Taiwan offers global investors a unique diversification opportunity, providing exposure to technology super cycle beyond US big tech names, complemented by its attractive valuations and low correlations with other major asset classes.
Feb 02, 2026
Robust projected earnings growth for 2025 – part of a multi-year growth story driven by Artificial Intelligence – will give the Taiwan market a helpful buffer amidst geopolitical and trade uncertainties. Also, Taiwan has added protection from being the indispensable total supply chain for the tech industry – with its dominance driven by semiconductor and technology manufacturing leaders like TSMC, Hon Hai, and MediaTek. Economic growth is expected to remain solid at around 3.3% for this year. Beyond the tech sector, the government’s push to upgrade its financial services capabilities, with high domestic penetration and receptiveness of financial products, also provide promising tailwinds. The risks of Trump 2.0 make Taiwan a nuanced opportunity this year. It threatens volatility. But the AI revolution remains a multi-year growth driver, and Taiwan's strategic role, indeed global leadership in semiconductor manufacturing, offers strong long-term potential. Notwithstanding geopolitical considerations and general market risks, the medium to long term growth trajectory remains robust. In this article, our Portfolio Manager Alex Chu suggests that corrections could provide the long term investors attractive entry points into Taiwan’s technology-driven equity market which has a low correlation with global equity market as well as other major asset classes.
Jan 27, 2025
Further to the insight piece on “Taiwan: The Quiet World-Beater” shared by our Senior Advisor Say Boon Lim, in this article we share more about our new ETF Premia FTSE TWSE Taiwan 50 ETF, which covers the 50 largest flagship companies in Taiwan by market capitalization. The strategy aims to capture the strong market performance from the robust growth in demand for semiconductors and the broader economic growth activities in Taiwan in the coming years. It is designed as a low-cost, tax efficient access tool, with versatility of having both HKD (distributing) and USD (accumulating) unit classes.
Oct 09, 2024