Taiwan-Japan Cross-Listing Feeder ETFs Listed on Taiwan and Tokyo Stock Exchanges
The Taiwan Stock Exchange (TWSE) and Tokyo Stock Exchange (TSE) marked a milestone in regional financial integration with the debut of their first cross-border exchange-traded funds (ETFs), reinforcing both countries' ambition to become an Asian Asset Management Center.
Nomura Asset Management Taiwan Ltd. launched the Nomura TOPIX Feeder ETF (Ticker: 009812) on the TWSE, offering investors exposure to Japan's equity market via the NEXT FUNDS TOPIX ETF (Ticker: 1306)— the largest ETF in Japan by assets under management. This fund is also included in Japan's NISA tax-free investment program, making it one of the most widely held ETFs among Japanese retail investors.
Simultaneously, the NEXT FUNDS TIP FactSet Taiwan Innovative Technology 50 Index Exchange Traded Fund (Ticker: 412A) debuted on the TSE. The fund tracks the NEXT FUNDS – Nomura Taiwan Innovative Technology 50 ETF (Ticker: 00935), reflecting the strength and dynamism of Taiwan's technology-driven economy. Notably, companies in the AI and semiconductor sectors account for 72% of the Index's total market capitalization. Taiwan's benchmark index has more than doubled since 2020, reaching an all-time high this month, with foreign ownership approaching 46%.
TWSE Chairman and CEO Sherman Lin said the cross-listings mark a new chapter in financial cooperation between Taiwan and Japan. Chairman Lin also remarked that both TSE President Iwanaga and he wore golden ties today, symbolizing that the collaboration between the Taiwanese and Japanese capital markets is entering a brilliant new chapter.
TSE President and CEO Moriyuki Iwanaga emphasized the strategic significance of the partnership: "This collaboration bridges our capital markets, positioning Taiwan and Japan as key partners within Asia's financial ecosystem."
TWSE President Edith Lee, noted the potential of Japan's NISA program to enhance retail investor participation and market liquidity.
The dual listings represent a milestone in Taiwan-Japan financial collaboration, broadening cross-border investment access and reinforcing Taiwan's role in Asia's asset management landscape.
Norbert Gehrke
