By Crystal Hsu / Staff reporter
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Taiwanese investors stepped up regular monthly purchases of exchange-traded funds (ETFs) last month despite a sharp market pullback, suggesting that they viewed the volatility as a buying opportunity rather than a reason to retreat from equities, Taiwan Depository and Clearing Corp (TDCC, 台灣集中保管結算所) data showed.The number of investors making regular purchases of ETFs increased 1.24 million last month from the previous month, TDCC data showed. So far this year, the figure has grown by 6.37 million, the data showed.Of the 94 ETFs listed in Taiwan, investors in Yuanta/P-shares Taiwan Top 50 ETF (0050) rose by the most of 324,400, followed by Capital Taiex Daily Leveraged 2X ETF (00685L) by 185,700 and Yuanta/P-shares Taiwan Dividend Plus ETF (0056) by 91,200, the data showed.
A man stands in front of an electronic stock board at the Taiwan Stock Exchange in Taipei on Feb. 23.
The resilience of regular ETF investing highlights how the strategy has gained traction among retail investors. By investing a fixed amount regularly, investors gain more ETF units when prices fall, potentially lowering their average purchase cost over time.Among the 10 most widely held ETFs, Capital Taiwan Growth ETF (00981A) posted the strongest return so far this year, gaining 76.29 percent including dividends, the data showed.
