Taiwanese exchange traded funds with significant exposure to Taiwan Semiconductor Manufacturing Company have seen sharp gains as overseas investors place large bets on the chipmaker. Fubon Taiwan Technology ETF is the most exposed to TSMC, with nearly 60 per cent of its assets invested in the company. The Fubon FTSE TWSE Taiwan 50 ETF’s weighting to TSMC is approaching 50 per cent. Yuanta/P-shares Taiwan Top 50 ETF has a 45 per cent exposure to the chipmaker.
In the latest trading session, TSMC (TSM) closed at $81.40, marking a -0.7% move from the previous day.
Zacks.com users have recently been watching TSMC (TSM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.