China News Service, July 5th. According to Taiwan's "Economic Daily" report, the Taiwan Index Company has newly compiled the Taiwan Wafer Manufacturing Index, and since July 4, 2022, the Taiwan Stock Exchange will be commissioned to calculate and transmit the release every 5 seconds. real-time index.
The Taiwan Wafer Manufacturing Index uses listed common stocks as the index constituent stocks. After passing the liquidity test, the stocks belonging to the semiconductor industry chain are selected according to the industry value chain information platform and the industry category of listed and listed companies, combined with corporate governance evaluation. The constituent stocks are screened by identification, market capitalization and financial indicators.
The index-weighted method allocates constituent weights based on free-float market capitalization, and recognizes the portfolio performance of stocks that are representative of Taiwanese wafer manufacturing, good corporate governance, and profitability.
The Taiwan Index Company uses historical data to simulate index compilation rules for index backtracking. From May 2017 to February 2022, the cumulative return rate of Taiwan Wafer Manufacturing Index was 228.87%, and the Sharpe ratio was 116.17%, both outperforming the issuance during the same period. Weighted stock price return index (112.11%, 111.06%), Taiwan market return index (120.86%, 112.63%).
The Taiwan Wafer Manufacturing Index regularly adjusts the composition of the index constituent stocks in May and November every year according to the index compilation rules, and the number of tranches is fixed at 30 tranches.
According to the latest audit results, the top ten constituent stocks of the index weight are UMC, TSMC, Winbond, Realtek, Nanya, MediaTek, ASE Investment Holding, World, Sino-American Crystal and Universal Crystal.
According to the estimates of the Institute of Industrial Intelligence of the Taiwan Asset Management Association, Taiwan's semiconductor industry will outperform the global industry in 2022, with an estimated output value of NT$4.4 trillion, while the sub-industry, the wafer manufacturing industry, has an annual revenue of 25% and the highest growth rate. , the output value is estimated to be about NT$2.2 trillion.
The Taiwan Wafer Manufacturing Index takes Taiwan's semiconductor industry chain as the core and focuses on the representative stocks of the wafer manufacturing industry. In the future, if the index financial products are issued, it can provide investors with an investment tool to facilitate the development of Taiwan's semiconductor industry chain.