Fubon Taiwan Technology High Dividend ETF surges 32% in over a month

Taiwan's stock market reached a new high of 42,000 points today, with the Fubon Taiwan Technology High Dividend ETF (00929) surging 32% in just over a month. This significant performance is attributed to substantial gains in its top two holdings, UMC and MediaTek. Analysts suggest the trend may continue, offering both capital appreciation and dividends. The ETF underwent a major restructuring late last year, contributing to its exceptional performance this year, outshining other high-dividend ETFs. Investors are advised to hold onto their positions.