Taiwan Index Plus and FactSet Launch TIP FactSet Taiwan 5G Index 2020/04/03 08:00
Taiwan Index Plus Corporation (“TIP”), a wholly-owned subsidiary of Taiwan Stock Exchange (“TWSE”), and FactSet, a global provider of integrated financial information, analytical applications, and industry-leading service, announced the launch of a co-branded thematic index — the TIP FactSet Taiwan 5G Index, released on March 30, 2020. The index tracks the performance of Taiwan 5G enterprises and is expected to be used by financial institutions to create further investable products, including ETFs and other passive funds.
The TIP FactSet Taiwan 5G Index was developed through close collaboration between TIP and FactSet. It uses data from FactSet Revere Business Industry Classification System (RBICS), which enables detailed industry analysis of companies based on revenue drivers, to identify a comprehensive list of 5G companies in Taiwan. 30 constituents were then selected with respect to market capitalization and liquidity to construct the final index, providing financial institutions a unique opportunity to develop new 5G index instruments for investors in the Taiwan market.
Billy Wang, President and CEO of TIP, said, “The collaboration between TIP and FactSet creates new potential for financial institutions to provide inventive, customized index solutions that meet the growing demand for 5G thematic investment for market participants in Taiwan. I believe by combining the expertise of TIP and FactSet, we have created a winning collaborative platform to better serve the needs of issuers and investors.”
Jeremy Zhou, Head of Indexing at FactSet, said, “5G technologies are moving economies faster toward full digitalization and connectivity, and Taiwan is a significant contributor to this increasingly global value chain. Our work with Taiwan Index Plus provides a precise and efficient tool for investors, helping them identify and seize on the growing opportunity in this space.”
TIP FactSet Taiwan 5G Index is the first co-branded index between TIP and FactSet. TIP will continue to work closely with issuers to introduce new exchange-traded products that facilitate a well-developed ecosystem for the Taiwan financial market.
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 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.
To learn more, please visit: http://www.taiwanindex.com.tw
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