00998A Faces First Pullback With Only 0.74% Decline, Defensive Showing Draws Attention

陳陳柏宏 證券線記者2026-10-28 06:05

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30-second brief

The actively managed Fuh Hwa Financial Dividend ETF (00998A), listed in April this year, fell only 0.74% from October 6 to 16, when the TAIEX fell 5.44% and the 0050 fell 6.44%. Netizens say investors still need to look at its holdings and stock-selection logic.

New ETFs Need a Sharp Selloff Test

Whether newly listed ETFs are worth buying has become a topic of interest for many investors. A netizen posted on Dcard titled "Should You Buy a New ETF? See Whether It Has Been Through a Sharp Selloff," arguing that a new ETF must go through a major market correction before its defensive performance can be further assessed, using the actively managed Fuh Hwa Financial Dividend ETF (00998A), listed in April this year, as an example to analyze its performance during the October pullback, sparking discussion.

October Pullback Was First Major Market Test

The original poster said 00998A was only listed in April this year, so the October pullback was arguably the first major market test since its listing. From October 6 to 16, the TAIEX fell 5.44%, while Yuanta Taiwan 50 (0050) fell 6.44% on a total-return basis. In contrast, 00998A edged down only 0.74% over the same period, showing relatively resilient performance and therefore attracting market attention.

One Resilient Episode Does Not Prove Long-Term Stability

However, the original poster also argued that performance in a single market correction is not enough to judge whether an ETF has long-term defensive ability. If financial stocks themselves correct in the future, or factors such as rapid interest-rate changes weigh on the market, 00998A could still face volatility, and investors should not conclude from one pullback-period return that it can stay stable in all market environments.

Use as a Supplement, Avoid Over-Concentration

The original poster said 00998A can be treated as part of an asset allocation, but should not be viewed as a safe haven, nor should investors concentrate too much capital in a single product. The poster also asked other netizens for their views on new ETFs. Many respondents said the key to picking ETFs remains the holdings and stock-selection logic, stressing that knowing what product you are buying is the priority. Some suggested using technology stocks as core holdings and financial stocks as satellite holdings to diversify the risk of a sharp market selloff. Other netizens were upbeat on 00998A's defensive showing, while some said financial products offer a different allocation choice when technology-stock positioning is crowded, and others said they would consider it after it has been through one market test.

FAQ

How did 00998A perform during the October pullback?

From October 6 to 16, the TAIEX fell 5.44% and the Yuanta Taiwan 50 (0050) fell 6.44% on a total-return basis, while the actively managed Fuh Hwa Financial Dividend ETF (00998A), listed in April this year, edged down only 0.74% over the same period, showing relatively resilient performance.

Does one resilient episode prove an ETF is worth buying?

No. The original poster noted that a single correction is not enough to judge long-term defensive ability. If financial stocks themselves correct or interest rates move rapidly, 00998A could still face volatility, so investors should not assume stability from one period of returns.

What do netizens see as the key to picking a new ETF?

Many netizens said the key is the holdings and stock-selection logic, and investors should understand a product's characteristics before buying. They suggested using technology stocks as core holdings and financial stocks as satellite holdings to diversify risk and avoid over-concentrating capital in a single product.