Taiwan Stock Exchange (TWSE) states the beneficiary certificates of SinoPac Taiwan Superior Dividend Highlight Stocks ETF (stock code: 00907) issued by SinoPac Securities Investment Trust Co., Ltd will be listed on May 24.
TWSE states according to the application, the underlying index of the SinoPac Taiwan Superior Dividend Highlight Stocks ETF is TIP Customized Taiwan Dividend Highlight Index. The index is compiled and maintained by Taiwan Index Plus Corporation (TIP). TIP collaborates with the Business Council for Sustainable Development of Taiwan to build up the index. First, the sustainability reports, annual reports and further public information are considered to evaluate each company an ESG Performance Score. Then, based on the objective of holding stocks with stable dividend, the index selects 30 listed stocks from the cyclical and consumer staples industries that fulfill profitability and dividend payout criteria. With the dividend yield weighting method, the index is compiled to measure investment performance on the listed companies that are representative in the local market characteristics, sustainable development, stable dividend distribution and market capitalization.
TWSE states counting above ETF, there will be 135 ETFs listed on the market, tracking both domestic and international exchange’s equity, fixed income, commodity and etc. performance, to favor investor’s diverse appetite and asset allocation. However, each has its associated risks. Thus, a diverse asset allocation is advised, and it is recommended to read the prospectus thoroughly before executing investment.