| Taiwan ETF assets jump 50% in first eight months, fee income seen to surge
October 24, 2024-Taiwanese exchange-traded fund assets surged almost 50% in the first eight months of the year driven by growing investor interest in passive investments, and may generate roughly 50% more management fee income for the asset management industry in 2024 than in 2023, according to Keystone Intelligence, a Taipei-based investment consulting firm. |
| The 246 Taiwan-registered ETFs had NT$5.8 trillion (US$180.2 billion) of total assets as of end-August, up 48.7% from NT$3.9 trillion at the end of 2023. The ETFs accounted for 64% of onshore fund assets in August, up from 53% a year ago.
The top ten ETF managers earned around NT$8.9 billion of combined management fees from January to August, compared to NT$9.08 billion in all of 2023 and NT$7.08 billion in 2022, and "their annual management fees are expected to top NT$13.5 billion in 2024", Donna Chen, founder and president of Keystone Intelligence, predicted in a commentary issued this week. |