00919 opens at record high as financial stocks fuel Taiwan high-dividend ETF demand

Capital Taiwan Select High Dividend ETF (00919), which has approximately 1.38 million investors, opened at a record NT$31.42 on August 26, its second consecutive session of setting a new high. The advance followed a sharp rally in Taiwan financial stocks, although intraday volatility later pulled the ETF below its peak. Attention is now turning to 00919's 14th distribution announcement, scheduled for the end of the month, with investors watching whether its annualized distribution yield can remain above 10%. Taiwan's stock market rose 407.14 points, or 0.91%, to 45,169.46 on August 25, while the financial index gained 2.31% to 3,233.38. Fubon Financial Holding, KGI Financial Holding and Cathay Financial Holding posted particularly strong gains. Among the 94 Taiwan-listed ETFs, five have financial-stock weightings above 50%; 00919 delivered the strongest disclosed total return since the start of August, at 5.07% as of August 25. Fund managers and institutional investors say high-dividend ETFs with substantial financial exposure can combine dividend income, diversification and potential capital appreciation, while financial-sector earnings and recovering investment income may support future dividend growth.

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00919 opens at record high as financial stocks fuel Taiwan high-dividend ETF demand - CoinPost Terminal