UBL Pakistan Enterprise ETF
Price
Rs39.88
YTD
+18.50%
Expense
1.50%
Yield
2.43%
FLTW
FLTW NYSE
Franklin FTSE Taiwan ETF · by Franklin Templeton
Price
NT$104.07
YTD return
+14.20%
1Y return
22.50%
Expense ratio
0.19%
Dividend yield
2.10%
AUM
$850M
FLTW provides cost-efficient exposure to Taiwanese equities dominated by TSMC, the world's most important semiconductor manufacturer. At 0.19% expense ratio, it significantly undercuts EWT.
FLTW: Taiwan's Semiconductor Empire
Franklin FTSE Taiwan ETF provides exposure to one of the world's most important technology supply chain markets. Taiwan's equity market is dominated by Taiwan Semiconductor Manufacturing Company (TSMC), which manufactures the most advanced chips powering AI, smartphones, and virtually every modern electronic device.
TSMC: The World's Most Important Company
TSMC accounts for approximately 90% of the world's most advanced semiconductor production. Its dominance in AI chip manufacturing (for NVIDIA, Apple, AMD, and others) makes Taiwan a critical node in the global technology supply chain. TSMC typically represents 25-30% of Taiwanese ETFs.
Beyond Semiconductors
While TSMC dominates, Taiwan's equity market also includes other semiconductor companies (MediaTek, United Microelectronics), technology hardware (Hon Hai/Foxconn), financial institutions (Cathay Financial), and petrochemicals (Formosa Plastics). The market's technology concentration makes it a high-beta play on global tech demand.
Geopolitical Considerations
Taiwan faces significant geopolitical risk from cross-strait tensions with China. Any escalation would have profound implications for both Taiwanese equities and the global semiconductor supply chain. Investors should monitor this risk factor closely.
Top holdings
Every holding links to its own page with a live price and the full list of funds that own it.
| # | Holding | Ticker | Sector | Weight | Price |
|---|---|---|---|---|---|
| 1 | Taiwan Semiconductor | TSM | Technology | 28.50% | $427.30 2.30% |
| 2 | Hon Hai Precision (Foxconn) | HNHPF | Technology | 4.80% | $16.30 5.57% |
| 3 | MediaTek | MDTKF | Technology | 4.20% | — |
| 4 | Cathay Financial | CATHF | Financial | 2.50% | — |
| 5 | Formosa Plastics | FPMOF | Basic Materials | 2.10% | — |
Frequently asked questions
Why is Taiwan so important for semiconductors?
TSMC, headquartered in Taiwan, manufactures approximately 90% of the world's most advanced chips. Companies like NVIDIA, Apple, and AMD rely on TSMC for their chip production.
What is the biggest risk for Taiwan ETFs?
Cross-strait geopolitical risk with China is the primary concern. Any military escalation could severely impact Taiwanese equities and the global technology supply chain.
How does FLTW compare to EWT?
FLTW charges 0.19% vs EWT's 0.59%, providing similar Taiwan exposure at lower cost. Both are heavily concentrated in TSMC.
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Community
FLTW discussion
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