Taiwan Stock Market's Black Friday! 6 Actively Managed ETFs Outperform Benchmark, High-Dividend Funds Claim Top 3 Spots

On July 17, 2026, Taiwan's stock market experienced a 'Black Friday' plunge, dropping 2,953.71 points—the largest single-day closing decline in history. However, according to Cmoney data, six of this year's most popular actively managed Taiwan stock ETFs outperformed the broader market, and eight performed better than the heavyweight TSMC. The top three most resilient funds were all high-dividend ETFs: the newly listed Active First Financial High Dividend (00408A-TW), Active Allianz Taiwan High Yield (00984A-TW), and Active Nomura Taiwan High Yield (00999A-TW). In contrast, the highly popular 00981A and 00991A funds fell sharply by 7% to 9%.

On the 17th, Taiwan's stock index closed down 2,953.71 points, a 6.47% decline, ending at 42,671.27 and breaking below the quarterly line. The drop was primarily driven by a sharp fall in U.S. stocks and selling pressure on semiconductor chip stocks. TSMC, the market leader, also fell 180 NT dollars, a 7.29% decline.

Chang Cheng-chung, portfolio manager of the Active First Financial High Dividend ETF, analyzed that Taiwan's stock market has entered a period of intense volatility, mainly reflecting profit-taking after strong gains this year amid global market turbulence. He noted that the selling pressure has been significant, leading to a heavy market decline. However, the fundamental outlook for Taiwan's stock market remains unchanged, and global tech stock momentum continues. With valuations higher than before, the current correction is a natural pullback after a rally. Investors should watch for clear signs of stabilization. Additionally, high-dividend stocks such as telecom, financials, and traditional industries showed relatively stronger resilience.

With market volatility expected to increase in the second half, stock selection has become much more difficult. Chang advised investors who are concerned about short-term volatility but remain optimistic about Taiwan's long-term outlook to use this correction as an opportunity to review their portfolios and gradually invest in actively managed Taiwan stock ETFs that pursue both growth and dividend income.

Given that daily swings of over 1,000 points have become the new normal for Taiwan's stock index, investment portfolios should include assets that offer both growth and income. This strategy not only captures growth momentum in the next upswing but also creates a downside protection buffer through dividend income—a better investment choice amid current high volatility.

Top 10 Most Resilient Actively Managed Taiwan Stock ETFs on July 17, 2026 (Record Drop Day)

- Stock Code: 00408A, Name: Active First Financial High Dividend, Closing Price: 9.65, Change: -4.27%, Volume: 12,843 - Stock Code: 00984A, Name: Active Allianz Taiwan High Yield, Closing Price: 14.8, Change: -5.25%, Volume: 22,626 - Stock Code: 00999A, Name: Active Nomura Taiwan High Yield, Closing Price: 9.96, Change: -5.5%, Volume: 30,273 - Stock Code: 00985A, Name: Active Nomura Taiwan 50, Closing Price: 20.28, Change: -6.11%, Volume: 7,259 - Stock Code: 00401A, Name: Active JPMorgan Taiwan Income Plus, Closing Price: 12.5, Change: -6.16%, Volume: 10,441 - Stock Code: 00404A, Name: Active AllianceBernstein Dynamic 50, Closing Price: 9.16, Change: -6.44%, Volume: 13,389 - Stock Code: 00407A, Name: Active Kaiji Taiwan, Closing Price: 8.58, Change: -6.94%, Volume: 206,786 - Stock Code: 00400A, Name: Active Cathay Dynamic High Dividend, Closing Price: 12.99, Change: -7.15%, Volume: 84,849 - Stock Code: 00980A, Name: Active Nomura Taiwan Select, Closing Price: 21.41, Change: -7.32%, Volume: 18,377 - Stock Code: 00403A, Name: Active United Upgrade 50, Closing Price: 9.52, Change: -7.39%, Volume: 1,314,260

- Market Index: -6.47% - TSMC: -7.29% - Average of 20 Actively Managed Taiwan Stock ETFs: -7.52% (Volume: 152,537)

Source: Cmoney, July 17, 2026

Disclaimer: The individual stocks, funds, and futures products mentioned in this article are for reference only and do not constitute investment advice. Investors should make independent judgments, carefully assess risks, and bear their own profits and losses.