It’s been five years since Polaris International Securities Investment Trust Co. introduced its first ETF on the Taiwan Stock Exchange, and after much success, Polaris has just launched another ETF. According to Taiwan Economic News, Polaris had originally launched the Taiwan-50 ETF in 2003, and the fund has grown ten times in size since that time. Now, Polaris has just announced their newest ETF, known as Polaris/P-shares TSEC Taiwan Non-Tech 50 ETF, which tracks the TAIEX Non-Electronics 50 Sub-Index.

The new ETF from Polaris will be comprised of 50 large-cap companies not associated with electronics. Taiwan Economic News provides a list of many industries within the ETF, such as financial, plastics, oil and electricity, iron and steel, and transportation. The ability for investors to capture many of these industries that have held strong against inflation will continue to provide growth for the global ETF market in Taiwan. From 2003 through the end of April 2008, Taiwan Economic News reported a growth in ETF assets to $805 billion from $212 billion.