Yuanta Funds 00940 ETF reportedly raises NT$200 billion in five days

Yuanta Funds 00940 ETF reportedly raises NT$200 billion in five days

2024-03-15

The frenzy for ETFs, or exchange traded funds, continues in Taiwan. Recently Yuanta Funds announced its 00940 ETF, which has reportedly raised NT$200 billion in just five days, a record high. People continued to rush to buy the ETF on Friday, which was the last day that subscriptions were available before its launch on April 1. A financial expert, however, warns that although ETFs have a reputation of stability, risks still exist. Let’s hear from him.

Chen Wei-liang
Finance expert
When the ETF goes on the market, if there is fluctuations and corrections, some subscribers may jump ship, as many of them likely don’t have any experience in stocks or they are more conservative with their finances. Such a reaction could lead to turbulence that only grows faster and more violent.

Voice of Chen Chiu-yueh
Financial Supervisory Commission
ETFs invest in the stocks they are constituted of. If one of those shares rallies or falls, that could affect the trajectory of the ETF, which in turn could potentially affect investment returns. We are considering measures on the matter.

The popularity of the 00940 ETF has prompted the Financial Supervisory Commission to consider control measures, including introducing caps on how much can be raised by a single ETF. We’ll know on April 1 whether the ETF frenzy will indirectly rattle Taiwan’s stock market.

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搶上車"00940" 傳5天募集2千億專家:小心被割韭菜

2024-03-15

台股最紅ETF「00940」掀起全台狂熱，大量投資人瘋狂申購，現在傳出五天募集高達2000億資金，創下史上最高紀錄。今天(15日)募集的最後一天，還是有不少人搶著要’’上車’’，但財經專家示警，小心被割韭菜，也讓許多投資小白’’挫勒等’’。

[[理財專家陳威良]]
“一旦行情如果開始，出現震盪修正的時候，那想當然而，ETF的投資人也有蠻多可能股市經驗不足，或者說過去他的資金就比較屬於穩健保守，可能也會拔腿就跑。這樣子會讓整個行情的震盪，可能力道會來的又快又猛又強”

[[聲源金管會投信投顧組副組長陳秋月]]
“ETF本身也是會去投資成分股，那可能這個成分股，將來的漲或跌，也會影響到這個ETF將來淨值的走勢，可能也會影響到投資人未來的報酬，相關的措施我們都是在研議之中”

00940意外爆紅，也讓金管會準備出手，不排除要針對台股ETF募資設定上限，想辦法降溫。專家頻頻示警，這股風潮是否會間接造成台股大震盪，四月一號見分曉。

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DPP holds press conference ahead of 10th anniversary of Sunflower Student Movement

The 10th anniversary of the Sunflower Student Movement is coming up on March 18. On Friday, the DPP held a press event featuring some of the participants who took part in the Anti-China protests back in the day. One scholar says that, had the movement failed to stop a cross-strait service trade agreement, Taiwan’s economy would now be stagnating like Hong Kong’s. Meanwhile, a lawmaker criticized some of the movement’s leaders for having switched sides to the KMT.

On March 18, 2014, student protesters occupied the Legislative Yuan to protest the proposed Cross-Strait Service Trade Agreement. Now, 10 years on, the movement’s participants say they are glad Taiwan took the right path.

Frida Tsai
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The issue of restarting the Cross-Strait Service Trade Agreement is not just a political matter, but something that will affect all of our livelihoods. Hong Kong’s economic integration with China has led to Hong Kong’s decline. We should ask ourselves, do we want things to be that way here?

Frida Tsai drew a comparison between Hong Kong and Taiwan. In 2015, the city signed a services trade agreement with China. In the decade since, Taiwan’s GDP has grown at an average of 3.0%, while Hong Kong’s has lagged at 1.0%. Taiwan has also posted better figures than Hong Kong for direct foreign investment and service trade income.

Wang Guo-chen
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Last month, Hong Kong’s and China’s stock markets made huge losses, whereas other markets rallied.

Jiho Chang
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The Sunflower Student Movement was the first time that the people of Taiwan were able to engage in debate at the very front lines. It proved to us that, no matter what, the people will take back the power of anyone who dares try to sell out Taiwan.

Meanwhile lawmaker Wu Pei-yi says she can’t bear to see some of her former protest comrades now supporting the KMT in the Legislature as the party calls for restarting talks on this agreement.

Wu Pei-yi
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It’s especially the case in the Internal Administration Committee. We’ve seen the KMT make all sorts of ridiculous speeches parroting Chinese rhetoric. Some of our partners in the student movement, such as movement leader Huang Kuo-chang, have chosen to back the KMT in the Legislative Yuan multiple times. To me, it’s a betrayal of the ideals of the movement.

A decade on from the movement, Taiwan still remains at a critical juncture.

For more Taiwan news, tune in:
Sun to Fri at 9:30 pm on Channel 152
Tue to Sat at 1 am on Channel 53

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Pacific allies react to final security pact funding approval

Long-awaited critical funds to counter China in the Pacific have been approved for three U.S. allies: Palau, Micronesia and the Marshall Islands. Over the weekend, U.S. President Joe Biden signed into law $7 billion over 20 years in funding for the Compacts of Free Association as part of a partial government funding bill, as VOA’s Jessica Stone reports.

With this vote in the U.S. Senate, partial funding flows to the U.S. government. For the tiny Pacific nation of Palau -- a U.S. ally -- it’s a lifeline.

Surangel Whipps Jr.
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It’s not Oct. 1, but it’s at least within this fiscal year, and really just in time.

Palau maintains diplomatic relations with Taiwan, but its economy relies on Chinese tourists, who dropped by more than 50% in the wake of the COVID-19 pandemic, tanking the nation’s economy. Whipps says he recently met with investors from Singapore and Japan to chart a more sustainable direction.

Surangel Whipps Jr.
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Opening up new markets so that we’re diversified and more resilient, not so dependent on the Chinese tourism, which could be weaponized.

Palau’s funds come through an agreement that provides US$7 billion dollars in economic aid over 20 years to Palau, Micronesia and the Marshall Islands. In exchange, the U.S. gets exclusive access to a broad swath of the Pacific – and the right to turn others away, including China.

Kathryn Paik
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Simply having the freedom of navigation through this part of the Pacific is really critical, and if we lose that, we also lose direct access to our allies in the Philippines and Australia.

The agreement was renewed and signed last fall, but Congress took five months to fund it. The delay raised doubts about Washington’s commitment to the Pacific, warned Marshall Islands President Hilda Heine.

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Our nation has been a steadfast ally of the United States, but that should not be taken for granted.

In a video message on Facebook, Wesley Simina, President of the Federated States of Micronesia, or FSM, acknowledged the long wait:

Wesley Simina
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At the end of the day, the FSM and the U.S. reached an agreement, on an outcome that I’m confident will benefit both our nations.

An agreement, these leaders say, that provides new motivation to deepen economic and security cooperation in a part of the world that’s critical to American security.

Jessica Stone, VOA News Washington.

For more Taiwan news, tune in:
Sun to Fri at 9:30 pm on Channel 152
Tue to Sat at 1 am on Channel 53

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Presidential Office opens staff canteen to public on monthly open days

It’s not quite eating like a king, but ordinary people can now eat like the staff of the Presidential Office. The staff cafeteria now offers its fare to the public on its monthly open house. The meal options include a big bowl of succulent beef noodle soup at NT$120 a pop. Presidential Office Secretary General Lin Chia-lung has touted the cafeteria’s dumplings and hot and sour soup as being delicious. Let’s go take a look inside.

This bowl of nutritionally balanced beef noodle soup comes from the Presidential Office’s Collegial Cafe.

President Tsai Ing-wen pays a visit. Actually, this is the Presidential Office staff cafeteria.

Richard Quentin Paul Camille
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We’re going to check out their employees’ cafeteria. It looks pretty similar to our typical breakfast shops. Let’s order a set.

French YouTuber Richard Quentin Paul Camille from the channel “Ku’s dream” orders from the touch screen. He didn’t only come here for breakfast. He’s then joined by Presidential Office Secretary General Lin Chia-lung to enjoy dumplings and hot and sour soup recommended by netizens.

Richard Quentin Paul Camille
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Quite nice. Very tasty. And as for the soup, foreigners don’t usually like this type of soup.

Lin Chia-lung
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This pairs well with rice. A bit sour and spicy.

The Presidential Office Collegial Cafe is run by a private company. It offers simple and home-cooked-style meals.

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We use warm organic chicken. We don’t use battery hens. The ingredients here are rarely purchased from elsewhere. We do it all ourselves.

Because of all the tight security that surrounds presidents, normally there’s only one opening to the public a month and only then does the general public get the opportunity to eat these presidential but affordable meals. If you’d like to try them out, there are only two more opportunities left this year -- April 4 and May 11. Starting in June, the Presidential Office will undergo renovations and currently there are no plans to open it to the public at this time. If you’d like this novel experience, don’t miss the opportunity.

For more Taiwan news, tune in:
Sun to Fri at 9:30 pm on Channel 152
Tue to Sat at 1 am on Channel 53

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Lin Pei-rong, crowned “Miss Taiwan” in December, to compete in international pageant

Lin Pei-rong, who was crowned Miss Taiwan late last year, will represent Taiwan this October in a major international beauty pageant based in Japapn known as Miss International. Lin won over the judges in December with her mastery of the guzheng, a large Chinese zither. In addition, Lin and her four runners-up will go to Kosovo, Albania, and other European destinations starting in May, promoting their unique skills and styles to win international recognition for Taiwan.

Twenty-three year-old Lin Pei-rong plays a guzheng with great flair. Last December, she was crowned Miss Taiwan 2023. Her four runners up will also win glory for Taiwan.

Julia Chen had delivered beautiful and professional singing during the contest, winning the favor of the judges. Another contestant, 23-year old Hsieh Pei-i was good at performing K-Pop and playing the piano.

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Starting in May this year, the top five contestants in the Miss Taiwan pageant will go one by one to Albania, Kosovo and other places in southern Europe to win glory for Taiwan, showing off their best looks so that the democratic island gains more international recognition.

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But hold on. Let’s not count our chickens too fast. First we need to lay the basis for offshore wind technologies to thrive, by creating a comprehensive industrial chain for wind power.

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Offshore wind is an industry that transects many professional fields. Each turbine is mainly composed of its blades, nacelle, and pylon, as well as secondary systems. Monitoring and power generation systems turn the motion of the turbines into electricity. Substations at sea or on land transform the voltage of this electricity to feed it into the grid. From there it can be transmitted to homes. If you go into the industry, no matter which field you specialize in, you have to remember that the ultimate goal is a regenerative system that can be sustainable.

For more Taiwan news, tune in:
Sun to Fri at 9:30 pm on Channel 152
Tue to Sat at 1 am on Channel 53

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