EWT: In A Good Place, But Doesn't Offer Great Value
Portfolio Pulse from
The iShares MSCI Taiwan ETF (EWT) has delivered an 18.2% return in 2024, largely due to the strong performance of TSMC. Taiwan's economy is robust, with GDP growth expected to exceed IMF forecasts, supported by domestic spending and a recovering manufacturing sector. TSMC's positive outlook significantly influences EWT's prospects.
December 05, 2024 | 11:45 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
iShares MSCI Taiwan ETF (EWT) has achieved an 18.2% return in 2024, driven by TSMC's strong performance. Taiwan's economic outlook is positive, with GDP growth expected to exceed forecasts, benefiting EWT.
EWT's performance is closely tied to TSMC, which holds a 23% stake in the ETF. TSMC's strong performance and Taiwan's positive economic outlook contribute to EWT's gains, suggesting a likely positive short-term impact on EWT's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
TSMC's strong performance is a key driver of EWT's 18.2% return in 2024. The company's outlook remains positive, contributing to Taiwan's robust economic environment.
TSMC's performance is crucial for EWT, given its 23% stake. The company's strong results and positive outlook are significant contributors to EWT's success, indicating a likely positive short-term impact on TSMC's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80