Overview
TIP FactSet Taiwan Market Capitalization Momentum 50 Index (abbr., "Taiwan MCM 50 Index") selects 50 constituents with better composite scores which combine the performance among market capitalization, growth, value, quality, and momentum factors from qualified stocks. Before selecting the constituents, these qualified stocks are filtered from each industry to portray the representativeness of market capitalization and growth momentum, and profitability. The constituents are weighted by free-float market capitalization and then enhanced by using value and momentum factors during different review periods. This methodology aims to highlight the performance of an investment portfolio that showcases the market capitalization momentum and factor characteristics of Taiwan's listed companies.