FTSE Group (FTSE) and the Taiwan Stock Exchange Corporation (TWSE) announce today that TPK Holding (3673) and Eva Airways (2618) will replace Nan Ya Printed Circuit Board (8046) and Inotera Memories (3474) as part of the quarterly review of the newly rebranded FTSE TWSE Taiwan 50 Index.
Created by FTSE and TWSE in 2002, the FTSE TWSE Taiwan Index Series (previously known as the TSEC Taiwan Index Series) has grown to become the most recognised domestic tradable index series for the Taiwan market. The index series also forms the basis of a range of Exchange Traded Funds (ETFs) and derivative products. This includes the Polaris Taiwan Top 50 Tracker Fund, one of the top ten ETFs by assets in Asia ex Japan with an estimated US$ 1.765 billion AUM as of 30 November 2010[1] . The recent rebranding of the index series was announced in September 2010 and took effect on 3 January 2011. The rebranded index series aims to build on the current success of the partnership between FTSE and TWSE and increase the global visibility of the Taiwanese market.
A reserve list comprising China Airlines (2610), Largan Precision (3008), Yulon Motor (2201), Evergreen Marine Corporation (2603) and Unimicron Technology (3037) has been compiled at the review. In the event of a space arising from a corporate action before the next review, the constituent with the highest market-cap from the list will be added to the index.
For a full list of additions and deletions in the FTSE TWSE Taiwan Index Series, including the FTSE TWSE Taiwan Mid-Cap 100 Index and the FTSE TWSE Taiwan Technology Index, please refer to the technical notice at www.ftse.com/taiwan
The FTSE TWSE Taiwan Index Series is reviewed quarterly in January, April, July and October by the independent FTSE TWSE Taiwan Index Advisory Committee, in accordance with the transparent index series ground rules. Regular reviews ensure the indices remain an accurate reflection of the market represented and form an essential component of FTSE index management. All constituent changes take effect at start of business on 24 January 2011.
For more information, please visit: www.ftse.com/taiwan or http://www.twse.com.tw/
[1] Source: Blackrock, ETF Landscape Industry Review, End of November 2010