The TSEC Taiwan Index Advisory Committee met on October 8 for the quarterly index review and announced that there are no changes in the TSEC Taiwan 50 Index, the index upon which the Polaris Taiwan Top 50 Tracker Fund is based, with USD1.42 billion AUM as of 30 June 20091.
A reserve list, comprising Epistar Corp (2448), Taishin Financial Holdings (2887), Powertech Technology (6239), Young Fast Optoelectronics Co. Ltd. (3622) and Yulon Motor Co. (2201) has been issued. The highest market cap stocks from the list will be added to the index should a vacancy arise as a result of a corporate action before the next review takes place.
The TSEC Taiwan Mid-Cap 100 Index, the underlying index of the Polaris Taiwan Mid-Cap 100 Tracker Fund with USD41 million AUM as of 30 June 20092, experienced the same turnover level to the last review with five new stocks including Ability Enterprise (2374), Huang Hsiang (2545), Altek Corp (3059), Chroma Ate (2360) and Tong Yang Industry (1319) compared to the July 2009 review.
The TSEC Taiwan Index Series is reviewed quarterly in January, April, July and October by the independent TSEC Taiwan Index Advisory Committee according to the index ground rules. Regular reviews ensure the indices remain an accurate reflection of the market they represent. All constituent changes take effect at start of business on 19 October 2009.
For more information, please visit:http://www.ftse.com/taiwan or http://www.twse.com.tw/
1“ETF Landscape Global Handbook Q2 2009”, Barclays Global Investors
2“ETF Landscape Global Handbook Q2 2009”, Barclays Global Investors