FTSE Group (“FTSE”), the award winning global index provider, and the Taiwan Stock Exchange Corporation (“TWSE”) announce that the leading domestic TSEC Taiwan Index Series will be renamed FTSE TWSE Taiwan Index Series. The new name will take effect from 3, January 2011.
Created by FTSE and TWSE in 2002, the TSEC Taiwan Index Series has become the most recognised domestic tradable index series for the Taiwan market. The Index Series is also the basis of many Exchange Traded Funds (ETFs) and derivative products including the Polaris Taiwan Top 50 Tracker Fund, one of the top ten ETFs by assets in Asia ex Japan[1]. Rebranding the Index Series will build on its current success and increase the global visibility of the Taiwanese markets.
Jessie Pak, Director of FTSE Asia, said “FTSE is widely recognised for creating unique indexing solutions that combine global standards of transparency and governance with sound local market expertise. Associating the FTSE brand with the Index Series will help to further highlight the investment opportunities available to international investors in Taiwan. We will continue to work closely with TWSE, to develop innovative solutions that maximise the potential of its market.”
Lawrence G Shan, Senior Vice President of TWSE said “The rebranding by adding “FTSE” into the Taiwan Index Series, coupled with the change of our exchange’s abbreviated name from “TSEC” to “TWSE”, demonstrates the enhanced and further cooperation between FTSE and TWSE in index business. We expect that the better international recognition of index branding will contribute to the development of more index-related products to meet diversified needs arising from domestic and overseas markets”.
The existing indices under the TSEC Taiwan Index Series will be renamed to the following effective 3 January 2011:
|
Current
Index Description |
New
Index Description |
|
TSEC
Taiwan 50 Index |
FTSE
TWSE Taiwan 50 Index |
|
TSEC
Taiwan Mid-Cap 100 Index |
FTSE
TWSE Taiwan Mid-Cap 100 Index |
|
TSEC
Taiwan Eight Industries Index |
FTSE
TWSE Taiwan Eight Industries Index |
|
TSEC
Taiwan Technology Index |
FTSE
TWSE Taiwan Technology Index |
|
TSEC
Taiwan Dividend+ Index |
FTSE
TWSE Taiwan Dividend+ Index |
|
TSEC
Taiwan Shariah Index |
FTSE
TWSE Taiwan Shariah Index |
|
TSEC
RAFI Taiwan 50 Index |
FTSE
TWSE RAFI Taiwan 50 Index |
|
TSEC
RAFI Taiwan 100 Index |
FTSE
TWSE RAFI Taiwan 100 Index |
For more information on the index series, please visit www.ftse.com/taiwan or www.twse.com.tw.
[1] Source: Blackrock, ETF Landscape Industry Review, July 2010
