Taiwan’s exchange-traded fund assets hit a record NT$14 trillion (US$426.5 billion) last year, with the three top managers all surpassing the NT$1 trillion mark, according to figures compiled by Taipei-based investment consulting firm Keystone Intelligence for Asia Asset Management.
The total assets of Taiwan’s 260 ETFs were up almost a third from NT$10.6 trillion in 2023.
Yuanta Securities Investment Trust, Cathay Securities Investment Trust and Capital Investment Trust Corp, which together account for nearly 30% market share, all saw their ETF assets grow 60% or more last year.
Yuanta’s ETF assets were NT$1.94 trillion, Cathay’s, NT$1.16 trillion and Capital, NT$1.01 trillion.
Donna Chen, founder and president of Keystone, pointed to growing demand for ETFs from local investors.
“ETFs remained the major investment choice in 2024 with total net inflows of NT$2.3 trillion, including NT$1.2 trillion into equity ETFs,” she says.
According to Chen, the strong gains have allowed Yuanta, Cathay and Capital to outgrow active investment managers such as the local units of AllianceBernstein and Allianz Global Investors, noting that ETFs now account for more than half the assets managed by the three firms.
