Yushan Investment Trust today launched its first Taiwan stock active ETF.
Optimistic about the continued growth of AI demand and Taiwan's important position in the global technology manufacturing supply chain, Yushan Investment Trust today launched the first Taiwan stock active ETF - Yushan Taiwan Key Technology Active ETF (00413A). It combines Yushan Investment Trust's more than 30 years of Taiwan stock research strength and active stock selection capabilities to focus on Taiwan's key technology investment opportunities. It is expected to be officially raised from October 19 to October 23, and will be established on November 2 and listed for trading on November 11.
Zhang Lunyu, chairman of Yushan Investment Trust, said that in recent years, ETFs have become an important growth engine for Taiwan's asset management market, and the first active ETF is not only an important milestone in product innovation, but also symbolizes that Yushan Investment Trust has officially entered a new stage of "2.0". In the future, it will continue to strengthen its three core capabilities of investment research, product innovation and customer service.
Mei Yide, general manager of Yushan Investment Trust, pointed out that the Yushan Investment Trust Fund brand has a history of more than 30 years and has a complete product line and performance results. Its long-term service targets include mutual funds, the four major government funds, life insurance and large institutional legal persons. It is the only private school retirement fund advisory agency in Taiwan and has a solid foundation in the field of active Taiwan stock investment. The launch of active Taiwan stock ETF will simultaneously leverage the professional strength of the research team.
Yushan Investment Trust stated that the 00413A pre-planned industrial configuration covers four key areas including semiconductors, electronic components, communication networks, computers and peripheral equipment. It selects key technology stocks from the sub-industries and hopes to grasp the complete Taiwan technology value chain from AI computing power to terminal applications. The fund also uses the "ACE strategy" for stock selection, and uses active stock selection to grasp the beneficiary groups at each stage of technology trends, and focuses on companies in Taiwan's technology industry that have industry core values, technology moats, scarce assets and strategic positions, as well as high entry barriers and are difficult to be copied. It also includes the demand for electricity, infrastructure, construction and other related industries driven by the spillover of AI business opportunities, as well as aerospace, healthcare and other related industries into the assessment scope, striving to discover the next technology stars of tomorrow.
Different from the broad diversification strategy adopted by most ETFs, 00413A is expected to adopt a concentrated shareholding approach of 30 to 35 positions, with more than 90% allocated in key technologies, while retaining some funds to deploy AI to extend the beneficiary industries, including power equipment, infrastructure and traditional industries with industrial upgrade opportunities. The fund also provides a quarterly dividend distribution mechanism, and is evaluated in January, April, July and the end of October every year 180 days (inclusive) after the fund establishment date.
Looking forward to this year's market, Yushan Investment Trust pointed out that the overall market still has three major advantages: "prosperity, profit, and opportunity." First, AI demand continues to drive up the growth of Taiwan's export orders, and the economic growth rate may challenge double digits. Second, large U.S. cloud service providers (CSPs) continue to expand AI capital expenditures, which is expected to drive revenue and profit growth in Taiwan's technology supply chain. Finally, the AI industry has spread from chips and servers to new beneficiary groups such as optical communications, high-speed transmission, and test equipment, and opportunities for industry rotation continue to emerge.
Guo Mingyu, the proposed manager of 00413A, said that as long as the long-term trend of AI remains unchanged, the fourth quarter is not only an important time point for corporate outlook and capital allocation, but also there are still variables such as changes in U.S. interest rate policy, elections and geopolitics this year. It is recommended that investors use active ETFs to select stocks by a professional team to seize the key opportunities of the next wave of growth opportunities in advance.
