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TrackInsight: Poor performance from Taiwanese Stocks

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08/02/2019 | 10:15am EDT

ETFs related to Taiwanese Stocks experienced important losses and outflows on the primary market on Thursday, August 1st.

ETFs related to Taiwanese Stocks experienced important losses and outflows on the primary market on Thursday, August 1st. Indeed, with -1,85% on average and more than $ 63 M of shares redeemed, it has been a rough day for Taiwanese Stocks, and this is closely related to the last decision of Donald Trump, who unexpectedly announced that the US will impose 10% tariffs on $ 300 Bn of Chinese good, starting the 1st of September. Apple will be hit by these tariffs as most of its supply chain is based in China or in Taiwan. Year-to-date, Taiwanese Stocks are in positive territory at +11,76%, with cumulated outflows of $778M, showing the lack of interest of investors for this segment. 24 ETFs are tracking 13 indices related to Taiwanese Stocks, and they gather a total of $ 3,43 Bn of assets under management.

Stocks mentioned in the article
ChangeLast1st jan.
APPLE -4.62% 202.64 Delayed Quote.28.46%

© www.trackinsight.com 2019
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