ETFs & Mutual Funds
Taiwan ETFs Draw Millions on Optimism Over Semiconductors
- Taiwan leads inflows across EM ETFs, boosted by AI optimism
- TSMC boosted its target for 2024 revenue growth last week
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Investors plowed money into exchange-traded funds that buy Taiwanese stocks last week amid broad optimism over the outlook for Asian equities.
Inflows to U.S.-listed emerging market ETFs that invest across developing nations as well as those that target specific countries totaled $466.4 million in the week ended Oct. 18, compared with gains of $5.45 billion in the previous week, according to data compiled by Bloomberg. So far this year, inflows have totalled $20.1 billion.