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Wednesday, March 30, 2016


Three NIFTY based ETFs launched in Taiwan Stock Exchange

ETFs based on NIFTY family of indices are now available for trading in 19 exchanges across the world

Mumbai/ Taipei: Taiwan’s first-ever ETFs tracking the burgeoning Indian market debuted on the Taiwan Stock Exchange (TWSE) on 29 March 2016, providing investors with more strategic options to hedge risk and to enrich their investment portfolio.
The three ETFs – the Fubon NIFTY ETF (00652), Fubon NIFTY 2X Leveraged Index ETF (00653L) and Fubon NIFTY -1 Inverse Index ETF (00654R) – were issued by Fubon Asset Management and track the Nifty 50 Index, Nifty PR 2X Leverage Index and Nifty PR 1X Inverse Index respectively. The three indices were created of and maintained by India Index Services and Products (IISL), a National Stock Exchange of India (NSE) group company, that provides a variety of indices and index related services for the capital markets.

Mr. Sush-Der Lee, Chairman of TWSE, said, “TWSE has been actively developing Taiwan’s ETF market over the past few years, with the number of ETFs listed on TWSE now reaching forty, with total assets under management of more than US$6.8 billion. In 2015, the total trading value of Taiwan’s ETF market reached a record US$51.4 billion. The introduction of the Fubon Nifty ETFs is consistent with the Financial Supervisory Commission’s (FSC) promotion of the Financial Import Substitution program and will boost the growth of Taiwan’s ETF market. We hope that the launch of these new products will help us rapidly expand our connections with more overseas markets in order to increase the competitiveness of our capital market. With the support of the relevant authorities, we are also committed to deepening the cooperation between Taiwan and India, as well as other markets, to provide more diversified products for investors.”

Mr. Gang Shyy, Chairman of Fubon Asset Management, said, “India is rising strongly with a positive combination of being in the right time and place, with the right people. It is the third largest market in Asia in terms of market value and trading volume after Greater China and Japan. Although there are structural problems in India, it is emerging as an important market for risk diversification in terms of investment from Greater China. The India Index ETFs launched by Fubon Asset Management can not only help investors diversify portfolio risks, but also provide them with a comprehensive trading tool through leveraged and inverse ETFs.”
Mr. Mukesh Agarwal, CEO of IISL, said, “Currently India is one of the fastest growing economies in the world and the listing of Nifty 50 based ETFs in Taiwan will ensure that investors in Taiwan can participate in the India growth story. Nifty 50 is the benchmark index of India. It is a well diversified 50 stock index representing 13 sectors of the economy covering 65% free float market capitalization of the stocks listed on NSE. Nifty 50 is the most widely used ETF benchmark in Indian domestic market with 13 ETFs tracking the index. In terms of contracts traded, Nifty 50 options traded on NSE is ranked number 1 globally and Nifty 50 futures is ranked 7th globally.” 

The listing of the Nifty ETFs further expands the range of ETFs tracking overseas securities that are currently available on TWSE. This includes products tracking the Mainland China, Hong Kong, Japan and the U.S. securities markets. The new products will also provide Taiwan investors with a more cost-efficient way to access the Indian market, as well as to further popularize Taiwan’s ETF market globally.
According to the Securities Investment Trust & Consulting Association (SITCA), Taiwan investors invested around US$20.2 billion in single-country offshore funds as of the end of 2015. This included US$1.5 billion in India funds, compared to US$15.1 billion in U.S. funds and US$1.7 billion in Japan funds.
 About Taiwan Stock Exchange Corporation: Founded in 1961, the TWSE operates Taiwan's stock market, enhances market transparency and improves market infrastructure. Regulated by the Financial Supervisory Commission (FSC), TWSE has been dedicated to facilitating quality fundraising while promoting superior corporate governance standards since its establishment. It is well-known for the cluster of technology and innovative companies, which offers high dividends and maintains robust business growth. Moreover, TWSE provides an ideal trading platform for individual, institutional and foreign investors, offering diversified financial tools such as stocks, warrants, ETFs and Taiwan Depository Receipts (TDRs). Upholding the spirit of mutual assistance, friendly exchanges, and strengthening global connections, TWSE works to forge international partnerships to better serve the market. To learn more, please visit:

About Fubon Asset Management: Fubon Asset Management has been established for 24 years. As of the end of February 2016, the total assets under management including mutual funds and Discretionary Investment Business account for NT$120.9 billion. Fubon Asset Management made the first QFII quota in 2011 among domestic investment trust companies and has listed a series of China-related ETFs on the Taiwan Stock Exchange, such as FB SSE180, FB SSE180 L2XI & FB SSE180 INI, and SZSE 100 ETF, creating a new era of investment in China. Looking toward the future, there will be more than US$3 trillion dollars of capital flowing from China to the world’s market, of which Asia is the biggest beneficiary. In addition to launching a series of Japan TOPIX Index ETFs in 2015, Fubon Asset Management has issued a full series of India ETFs covering the Nifty 50, leveraged, and inverse index this year.

About The National Stock Exchange of India (NSE): In its 20 years of existence, NSE has transformed the capital market, based on technology, innovation, high standards of corporate governance and management practices. NSE's business practices and high level of integrity have earned it the trust of the financial markets worldwide. Besides being a platform of choice for all exchange traded financial products in India, NSE's flagship index, Nifty50 is used extensively by investors in India and around the world as a barometer of the Indian capital markets. Since inception, the exchange has been covered extensively by global media and has won many accolades in recognition of its contribution in reforming the Indian securities market. For more information, please visit:

About India Index Services & Products Ltd. (IISL): India Index Services & Products Ltd. (IISL), a NSE group company, was set up in May 1998 to provide a variety of indices and index related services for the capital markets. IISL is India's first specialised company focused upon the index as a core product. IISL maintains more than 100 equity indices comprising broad-based benchmark indices, sectorial indices and customised indices. IISL also maintains fixed income indices based on Government of India bonds. Many investment and risk management products based on IISL indices have been developed in the recent past, within India and abroad. These include index based derivatives traded on NSE, Singapore Exchange Ltd. (SGX), Chicago Mercantile Exchange Inc. (CME) and Osaka Exchange Inc. (OSE) and a number of index funds and exchange traded funds. The flagship 'Nifty 50' index is widely tracked and traded as the benchmark for Indian Capital Markets.

Media Contacts:

National Stock Exchange of India
Arindam Saha
Corporate Communications
Mobile: +91 9930019202
Direct: +91 022 2659 8164
Twitter: @NSEIndia          

Taiwan Stock Exchange
Alicia Huang (黃嘉玲)
Corporate Communication
Phone: +886 2 8101 3887

Fubon Asset Management Co., Ltd.
May Chen
Planning Dept.
Tel: +8862-8771-6688   ext:37846

Fubon Financial Holding Co., Ltd.
Fubon Financial Company
Grace Lee
Corporate Communications Division
Tel: +8862-6636-6636   ext:57418 

THREE NIFTY BASED ETFS LAUNCHED IN TAIWAN STOCK EXCHANGE Reviewed by S. Chitra on March 30, 2016 Rating: 5 Three NIFTY based ETFs launched in Taiwan Stock Exchange ETFs based on NIFTY family of indices are now available for trading in 19 exch...

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