Market plunges with turnover exceeding NT$800 billion
Taipei stocks opened lower and moved lower on October 30, with the TAIEX closing down 1,156.5 points at 45,211.83 points, down 2.49%, with turnover of NT$877.73 billion. As volatility intensifies, investors are watching the performance of their active ETFs. "Xiaozilicai Jiaozhu" Dr.Selena楊倩琳博士 said investing should not only focus on upside gains, but also on downside resistance during declines.
Interval performance of three ETFs clearly diverges
According to 財經M平方 statistics for the period from June 24, 2026 to October 28, 2026, 主動凱基台灣00407A posted an interval return of -2.83% ranking first, 主動中信台灣收益00406A posted -6.07% ranking second, and 主動統一升級50 00403A posted -7.16% ranking third, with a 4.33 percentage point gap between 00407A and 00403A. The three have different features: 00406A adopts a Covered Call strategy with monthly distributions balancing cash flow, 00403A focuses on large high-quality Taiwan enterprises, and 00407A adopts a non-distribution strategy combining quantitative stock selection and dynamic allocation, focusing on long-term capital growth.
Dynamic allocation reduces impact of heavyweight stocks
Dr.Selena summarized three key reasons for 00407A's relative downside resistance. First is human-machine collaborative stock selection, combining quantitative model screening with the research team's industry analysis to improve selection efficiency. Second is dynamic allocation, without following the fixed weights of traditional market-cap indices, for example 台積電2330 accounts for only about 10% of holdings, reducing the impact of a single heavyweight stock decline. Third is active management, adjusting holdings and industry weights as markets change, balancing growth and risk control. She also reminded that 00407A still has relatively high technology industry exposure and cannot be viewed directly as a purely defensive ETF.
Dr.Selena said she also holds active ETFs such as 00981A and 00991A, and this comparison shows that star managers do not always rank first, and short-term underperformance does not mean a strategy has failed. The core of evaluating active ETFs lies in the manager's stock selection ability, drawdown control during volatility, and long-term total return capturing growth during rebounds. She advised investors to continuously review individual stock fundamentals and valuations, look for phased布局 opportunities, find ETFs suitable for themselves, and accumulate wealth through discipline and time. Investing always involves risks; investors should read the prospectus carefully and prudently assess risks before subscription.