Active ETF Market Surpasses NT$900 Billion, Uni-President Asset Management Claims Nearly 60% Market Share

Taiwan's active ETF market has experienced rapid growth over the past year since its launch, reaching a total asset size of NT$902.2 billion by the end of May 2024, according to the latest statistics from the Investment Trust and Advisory Association, approaching the milestone of NT$1 trillion.

Uni-President Asset Management, which manages popular active ETFs such as Active Uni-President Taiwan Equity Growth (00981A), Active Uni-President Upgraded 50 (00403A), and Active Uni-President Global Innovation (00988A), holds a combined asset size of NT$528.8 billion across all its active ETFs—capturing a dominant 59% market share and solidifying its position as the market leader.

Other active ETF issuers ranked by market share include Cathay Financial Asset Management at 13.22%, Fuh Hwa Investment Trust at 7.01%, Nomura Asset Management at 5.13%, and Yuanta Asset Management at 4.24%.

According to the association's data, there were 33 active ETFs in the market as of end-May, comprising 18 domestic equity ETFs, 8 cross-border equity ETFs, and 7 cross-border bond ETFs. Domestic equity active ETFs alone account for NT$771.7 billion, representing 85% of the total active ETF market.

JPMorgan Asset Management noted that domestic equity active ETFs surged from NT$130.2 billion at the end of last year to NT$771.7 billion by May 2024—an almost fivefold increase this year. Cross-border equity and bond active ETFs also grew by 219% and 139% respectively since the beginning of the year.

JPMorgan Asset Management analyzed that, overall, active ETFs in both equity and bond categories are growing significantly faster than passive products. This is partly due to a low base effect, but also reflects a shift among Taiwanese investors from low-cost passive investing toward more flexible, performance-oriented strategies. As market conditions become more complex and volatile, active and passive ETFs are expected to complement each other and jointly serve as key drivers of Taiwan's ETF market. (Editor: Chang Chun-Mao)