Two Funds List Simultaneously and Close Higher on First Day
Taiwan stocks continued to rebound after a deep decline, welcoming two new actively managed ETFs listing simultaneously on the 11th, with Fuhua Taiwan New Stars Active ETF 00418A and E.SUN Key Technology Active ETF 00413A both opening higher on their debut. 00418A debuted with a fundraising scale of nearly NT$10 billion, with trading volume breaking through 130,000 lots within a dozen minutes of the open to jump to the top of Taiwan's volume rankings. As of the morning of 10:47, volume further approached 200,000 lots, with a gain of 1.8%. 00413A rose 2.29% intraday, outpacing 00418A in gains.
As of the morning of 10:47, 00418A was quoted at 10.16 intraday, up 1.8% from the previous trading day's reference price of 9.98, touching an intraday high of 10.21, with volume of 196,269 lots and turnover of about 1.976 billion. The other fund, 00413A, was quoted at 10.71, up 2.29%, with its intraday high at 10.71, volume of 35,403 lots and turnover of about 374 million.
Fuhua 00418A Focuses on AI Supply Chain
00418A raised nearly NT$10 billion. According to Fuhua Investment Trust's official website, its top ten holdings cover semiconductors, PCB, thermal solutions and AI server supply chains, led by TSMC at 6.7%, Unimicron and Asia Vital Components each at 5.2%, Elite Material at 5.1%, and MediaTek at 4.3%. Other major holdings include MPI Corporation, Nan Ya Plastics, Jentech Precision, King Slide and ASE Technology Holding, positioned mainly in AI infrastructure, advanced processes, packaging and testing, and key components.
Manager Rong Yi-ping said, considering market筹码 is still settling and short-term volatility is high, the fund adopts a staged deployment and steady position-building strategy, controlling the equity holding ratio at about 80% in the early listing stage, with highly liquid large-cap stocks as the core, while retaining some cash to gradually add positions after market筹码 stabilizes. Current stock selection focuses on companies with clear order outlooks and revenues and profits already reflecting actual demand, including AI server key supply chains such as advanced processes, packaging and testing, PCB and substrates, power and thermal solutions. For smaller-cap stocks that have corrected more deeply, attention is on areas such as optical communications, test interfaces and high-end passive components, with small initial positions for now and additional investments after valuations and筹码 improve.
E.SUN 00413A Leads in Gains
00413A, listed on the same day, targets technology companies with key technologies and growth potential, adopting a bottom-up stock selection approach to find companies with industrial competitive advantages and mastery of key technologies or technological bottlenecks among listed technology stocks, and dynamically adjusting the portfolio according to industry outlook, corporate fundamentals and market changes. According to the latest data released by E.SUN Investment Trust, 00413A's equity holding ratio is about 79%, with the top five holdings being TSMC at 9.52%, Elite Material at 5.73%, MediaTek at 5.60%, Global Unichip at 5.25% and Asia Vital Components at 4.16%, also focusing on AI and semiconductor supply chains.
In comparison, 00418A mainly uses the top 300 companies by Taiwan market capitalization as its selection pool, looking for potential companies benefiting from structural industry growth, improved profitability and improved market valuation. With the addition of the 2 new funds, according to TWSE statistics, the total number of ETFs listed on the centralized market increased to 242, including 204 passive ETFs and 38 active ETFs.