Japan’s Nomura Asset Management has become the first asset manager to apply to launch an active exchange-traded fund in Taiwan, five months after the Financial Supervisory Commission (FSC) amended rules to open up the market to innovative ETFs.
Nomura’s Taiwan unit submitted the application to the FSC on February 4, according to a schedule published on the regulator’s website detailing the names of asset managers and the funds they want to launch.
Nomura Taiwan made its debut in the local ETF market in November 2023 when it listed the Nomura Taiwan Innovative Technology 50 ETF. It currently manages five ETFs on the island.
The FSC said in September that it expects 15 of Taiwan’s 68 asset managers to launch active ETFs by next year, estimating that the fund assets could reach as much as NT$200 billion (US$6.09 billion) by then.
Nomura Taiwan declined to respond to questions from Asia Asset Management.