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- Singapore’s UOB Asset Management is gearing up to step into Taiwan’s active exchange traded fund market.
- Taiwan recently announced it would be accepting applications for active ETFs, sparking interest among asset managers.
- At least 18 companies, including big names like Nomura Asset Management and AllianceBernstein, are preparing to delve into the active ETF space.
- UOB Asset Management is among those venturing into this new territory, with plans to launch an active ETF in Taiwan in the coming year.
- The Shift in Investor Appetite
- Despite a surge in local ETF assets in Taiwan, interest in global investments is on the rise.
- Foreign asset managers are looking to introduce global strategies in active ETFs to cater to Taiwanese investors.
- UOB Asset Management acknowledges the expertise of global managers but emphasizes the importance of meeting investor needs above all else.
- The Cross-Listing Scheme
- UOB Asset Management is exploring opportunities in the Singapore-China ETF cross-listing scheme.
- Shifting investor sentiment towards China and uncertainties in the US markets are prompting a renewed interest in this initiative.
- The company is in discussions with its partner Ping An Fund Management to cross-list a China-focused ETF on the Singapore exchange later this year.
In conclusion, the world of ETFs is expanding, with new players entering the active ETF market in Taiwan and opportunities arising in cross-listing schemes. As investor sentiments shift and global dynamics evolve, staying informed and adapting to changing trends is key. Embracing these developments can open up new avenues for growth and diversification in the ETF space.
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