Taiwan fund is still a buy

Article Excerpt

ISHARES MSCI TAIWAN INDEX FUND, $51.78, is a buy for aggressive investors. The ETF (New York symbol EWT; buy or sell through brokers) gives you direct exposure to some of the top public companies of this East Asian powerhouse economy. The fund’s largest holding is Taiwan Semiconductor at 22.0% of assets. That’s high for one stock, but the company continues to be the world’s top maker of the most complex computer chips, with customers such as Apple. Other top stocks held by the ETF include Hon Hai (contract electronics maker) at 5.0%, and MediaTek (computer chips), 4.8%. The iShares MSCI Taiwan Index Fund launched on June 20, 2000. It charges you a reasonable MER of 0.57%. Taiwan’s technology-heavy economy has benefited during the pandemic—and now beyond—from expanded work-from-home and e-commerce demands. Tensions with China add some uncertainty, but the chance of a military attack remains unlikely. iShares MSCI Taiwan Index ETF is a buy. buy. …

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