Taiwan Index Plus Corporation Launches Finance Leveraged 2X Index and Finance Inverse -1X Index, Licensed to Yuanta Funds

2016/03/23 12:00

Taiwan Index Plus Corporation (TIP), a wholly owned subsidiary of the Taiwan Stock Exchange, was pleased to announce the newly launched Finance and Insurance Daily Return Leveraged 2X Index (Abbreviation: Finance Leveraged 2X Index) and Finance and Insurance Daily Return Inverse -1X Index (Abbreviation: Finance Inversed -1X Index) have been licensed to noted Yuanta Funds, Taiwan-based ETF issuer, on March 23, 2016.  The official contract signing press conference at the Information Exhibition Center on the first floor of TWSE, signified the first time cooperation between TIP and Yuanta Funds in turn to provide new investment tools for investors in the Taiwan financial stocks, and it also marked a new milestone for the nascent passive investing trend.
Chairman Shu-Der Lee of TWSE emphasizes that, in line with the strategy of proving more diversified financial products, TIP has spared no effort in developing new indices and products. The establishment of TIP will effectively accelerate and diversify index development, and is beneficial towards promoting cross-market product collaborations. In the future, TWSE and TIP will collaborate with foreign exchanges, index companies and investment companies in the joint development of indices and products suitable for market needs.

Michael Lin, Chairman of TIP, said “the Finance Leveraged/Inverse indices, being the first products released from TIP, is considerably important since it represents taking a step forward towards the company's mission to provide investors with more diversified and high-quality index products and services. Operating under the concept of “Global Vision, Local Service,” TIP will stay on top of international index development and trends to provide global services while providing domestic and foreign customers with real-time index information and consulting services, fully utilizing its advantage as Taiwan's first index company to assist clients to quickly grasp global investment trends and utilize passive investment for asset allocation. TIP's vision is to drive innovations that create wealth.
Eric Chen, CEO of TIP, also shared recent domestic and international index investing trends as well as TIP's business plans. Chen states that, TIP is not only commissioned by TWSE to maintain and promote existing indices, it will continue to develop leveraged and inverse indices, equal-weighted indices and dividend point indices. TIP will utilize its expertise in developing diversified themed indices, smart beta indices, and create custom indices to provide investors with more comprehensive tools and value-added products. Investors will be able to achieve asset allocation through passive investing.

About the indices:
The new indices offer leveraged and inverse exposure to the finance and insurance sectors.  The indices will have the following investment objectives:
• Finance Leveraged 2X Index will seek daily investment results that correspond to 2x the daily performance of the Financial and Insurance Index.
• Finance Inversed -1X Index aims to reflect performance of a multiple (of -1) of the inverse daily performance of the underlying reference index, Financial and Insurance Index.

About Taiwan Index Plus Corporation(TIP)

Established in 2016, TIP is a professional index and information services provider and wholly-owned subsidiary of the TWSE. It is specifically responsible for compilation, maintenance, authorization, and marketing of indices in Taiwan and abroad, and is commissioned by the TWSE to maintain and promote its existing indices, including the signature TAIEX Series, FTSE TWSE Taiwan Index Series, and other customized indices. In the future, TIP will also cooperate with foreign institutions to co-compile indices to meet investment demand. TIP will authorize companies to issue index-based products such as Exchange Traded Funds (ETF), Index Funds, Index Futures, Index Options, and Index Warrants, or authorize asset management companies to make use of indices as investment performance benchmarks in order to promote the continuous growth of our passive investment market, providing domestic and foreign investors with new targets in asset management and increasing the momentum of the domestic capital market.

TIP states that its purpose is to provide investors with more diversified and high-quality index services. Operating under the concept of “Global Vision, Local Service,” it will stay on top of international index development and trends to provide global services while providing domestic and foreign customers with real-time index information and consulting services, fully utilizing its advantage as Taiwan's first index company to assist clients to quickly grasp global investment trends and utilize passive investment for asset allocation.

Investors are welcome to visit the Taiwan Index Plus Co. official website for more detailed information at http://www.taiwanindex.com.tw. Live video streaming is available at http://webpro.twse.com.tw/.

Contact information:
Taiwan Index Plus Corporation
11F-1, No. 36, Song Ren Rd., Xinyi District,
Taipei 110, Taiwan
Tel：02-8729-9000
Fax：02-8729-9004
E-mail：[email protected]
Web: http://www.taiwanindex.com.tw

For further information, please contact:
Alissa Hsu
Phone:+886-2-8729-9001
Email:[email protected]

Annie Hsia
Phone: +886-2-8729-9002
E-mail: [email protected]