Reported about 1 year ago
In May 2024, monthly Systematic Investment Plan (SIP) accounts in ETFs and individual stocks were dominated by Cathay Sustainable High Dividend (00878) and TSMC. The Taiwan Stock Exchange revealed that domestic investors favor high dividend ETFs like Cathay Sustainable High Dividend and TSMC, with Fubon Taiwan Top 50 experiencing a substantial increase in accounts. This surge in SIP investment led to a historic high in total investment through SIPs, with local investors flocking to high dividend ETFs linked to TSMC, subsequently boosting ETFs and stock prices. Various high dividend ETFs associated with the Taiwan Stock Market index also saw growth, with Cathay Sustainable High Dividend and E Fund High Dividend ranking at the top, followed by Fubon Top 50 and Yuanta Taiwan Selection High Yield. TSMC's stock price surged due to positive news about Apple's WWDC incorporating AI features, experiencing a 7.26% increase in stock value, making it a popular choice for investors. Furthermore, financial stocks remain favored among investors, with TSMC leading the way in terms of increased SIP accounts. Overall, the increase in monthly SIP accounts and the stock market's performance indicate strong investor interest and confidence in the market.
Source: YAHOO