Taiwan Index Plus Launches Six New Indices 2016/12/15 14:00
Taiwan Index Plus Corporation (TIP), a wholly owned subsidiary of the Taiwan Stock Exchange, was pleased to announce the launch of six new indices, TIP TAIEX+ Blue Chip 30 Index, TIP TAIEX+ Blue Chip 30 Index Daily Return Inverse -1X Index (BC30-1), TIP TAIEX+ IT Elite 30 Index (ITE30), TIP TAIEX+ Industry Elite 30 Index (INE30), Low Volatility Select 30 Index (the TIP LV 30 index), and TIP TAIEX+ Low Beta 100 Index (LB100), at the Information Exhibition Center on the first floor of TWSE on December 14, 2016. In addition to Chairman Chi-Hsien Lee, welcoming the attendees on behalf of the Taiwan Index Plus Corporation (TIP), Chairman Shih Jun-ji of the Taiwan Stock Exchange (TWSE) and Jeff Chang, Chairman of the Securities Investment Trust & Consulting Association of the R.O.C (SITCA), also gave an opening remark for the official Index Launch ceremony.
In their welcome addresses, they all expressed the certain unique roles that government parties, securities companies and asset management companies should play in order to invigorate Taiwan’s market. With the exchange, together with TIP to develop more diverse products and its relevant mechanism, securities companies brining greater price stability and distributing securities to both retail and institutional investors, and asset management companies covering the role of using more diverse financial products, the combined effort would result in a healthier market ecosystem.
The vision of the“multi strategy index investing cycle” upheld by TIP embodies the spirit of Taiwan’s index investing economy. With the partnership ceremony being the second half of the event, TIP invited major partners from the financial field to participate in a signifying ceremony.
About the indices:
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Summary of TIP TAIEX+ Blue Chip 30 Index |
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Introduction |
TIP TAIEX+ Blue Chip 30 Index (BC 30 index) is a market-capitalization weighted index that tracks the shares of the 30 top-performing publicly traded companies in Taiwan that are financially stable, well established and provide good returns for investors, making them desirable investments. |
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Universe |
Constituents of TAIEX |
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Weighting method |
Market capitalization weighted |
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Calculation frequency |
Real Time |
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Launch date |
2016.12.19 |
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Base date |
2016.12.16 |
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Base value |
5,000 |
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Number of Constituents |
30 |
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Periodical review |
The TIP TAIEX+ Blue Chip 30 Index will be reviewed annually (in April) based on the data at the close of the 10th business day of the review month. After each annual periodic review, a constant number of 30 constituents will be maintained. |
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Index type |
Market benchmark index |
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Summary of TIP TAIEX+ Industry Elite 30 Index |
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Introduction |
TIP TAIEX+ INE Elite 30 Index (INE 30 index) is a market-capitalization weighted index that comprises 30 top-performing industrial stocks that are financially stable, well established and provide good returns for investors. Industrial stocks account for more than 70 percent of the total companies listed on the local main board, which have a pivotal influence on the Taiwan’s capital market. |
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Universe |
Constituents of TAIEX |
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Weighting method |
Market capitalization weighted |
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Calculation frequency |
Real Time |
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Launch date |
2016.12.19 |
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Base date |
2016.12.16 |
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Base value |
5,000 |
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Number of Constituents |
30 |
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Periodical review |
The TIP TAIEX+ Industry Elite 30 Index will be reviewed annually (in April) based on the data at the close of the 10th business day of the review month. After each annual periodic review, a constant number of 30 constituents will be maintained. |
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Index type |
Market benchmark index |
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Summary of TIP TIP TAIEX+ IT Elite 30 Index |
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Introduction |
TIP TAIEX+ IT Elite 30 Index (ITE 30 index) is a market-capitalization weighted index that comprises 30 top-performing electronics heavyweights from the Taiwan Stock Exchange Electronics Index (the Electronics Index) that are financially stable, well established and provide good returns for investors. |
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Universe |
Constituents of TAIEX |
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Weighting method |
Market capitalization weighted |
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Calculation frequency |
Real Time |
|
Launch date |
2016.12.19 |
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Base date |
2016.12.16 |
|
Base value |
5,000 |
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Number of Constituents |
30 |
|
Periodical review |
The TIP TAIEX+ IT Elite 30 Index will be reviewed annually (in April) based on the data at the close of the 10th business day of the review month. After each annual periodic review, a constant number of 30 constituents will be maintained. |
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Index type |
Market benchmark index |
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Summary of TIP TAIEX+ Low Volatility Select 30 Index |
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Introduction |
TIP TAIEX+ Low Volatility Select 30 Index (LV 30 index) is a market-capitalization weighted index that is designed to select 30 stocks with low volatility; which could effectively control the volatility of portfolios. |
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Universe |
Constituents of TAIEX |
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Weighting method |
Market capitalization weighted |
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Calculation frequency |
Real Time |
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Launch date |
2016.12.19 |
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Base date |
2016.12.16 |
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Base value |
5,000 |
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Number of Constituents |
30 |
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Periodical review |
The TIP TAIEX+ Low Volatility Select 30 Index will be reviewed annually (in October) based on the data at the close of the 1st business day of the review month. After each annual periodic review, a constant number of 30 constituents will be maintained. |
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Index type |
Smart Beta |
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Summary of TIP TAIEX+ Low Beta 100 Index |
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Introduction |
TIP TAIEX+ Low Beta 100 Index (LB 100 index) is a market-capitalization weighted index that is designed to select 100 stocks with low beta; which signifies a low market-related risk. Low beta constituent stocks are less volatile than the market. |
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Universe |
Constituents of TAIEX |
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Weighting method |
Market capitalization weighted |
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Calculation frequency |
Real Time |
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Launch date |
2016.12.19 |
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Base date |
2016.12.16 |
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Base value |
5,000 |
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Number of Constituents |
100 |
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Periodical review |
The TIP TAIEX+ Low Beta 100 Index will be reviewed annually (in April) based on the data at the close of the 10th business day of the review month. After each annual periodic review, a constant number of 100 constituents will be maintained. |
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Index type |
Smart Beta |
About Taiwan Index Plus Corporation
Established in 2016, TIP is a professional index and information services provider and wholly-owned subsidiary of the TWSE. It is responsible for index development, maintenance, licensing, and marketing in both domestic and foreign markets. It aims to provide investors with high-quality, comprehensive indices and information services, satisfy growing investor appetite for indexing strategies, and create innovative products for Taiwan's capital market. Investors are welcome to visit the Taiwan Index Plus Co. official website for more detailed information at http://www.taiwanindex.com.tw. Live video streaming is available at http://webpro.twse.com.tw/.
For further information, please contact:
Alissa Hsu
Phone:+886-2-8729-9001
Email:[email protected]
Annie Hsia
Phone: +886-2-8729-9002
E-mail: [email protected]