The fund tracks the FTSE TWSE Taiwan 50 Index.
[1] On August 19, 2009, Taiwan 50 (HKEx: 3002) was listed on the Hong Kong Stock Exchange, becoming the first Taiwan ETF with cross-border listing in Hong Kong.
[3] After going ex-dividend on October 25 of the same year, the Taiwan 50 completed its dividend fill in 11 trading days, as foreign investors targeted large-capitalization stocks for buying.
[4][5] After the Lunar New Year in 2011, foreign investors sold a lot of Taiwan stocks, and the proportion of foreign investors in the Taiwan 50 dropped drastically, but local corporations entered the market at a low price, and the total size of the fund grew against the trend.
[6] In June of the same year, foreign investors applied for conversion of their holdings into Taiwan 50s to avoid participating in the ex-dividend for equity shares and avoiding the 20% capital gains tax.