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Taipei Exchange Launches New Index Focused on Electronic Industry and ESG Performance

Date:2021/05/10

TPEx and Taiwan Index Plus, along with the Business Council for Sustainable Development of Taiwan, developed a new index “TIP TPEx ESG ITE Total Return Index” (Code: IR0149), which will be launched on May 10th and will start to calculate in real time on June 21st.

According to back-testing data, the TIP TPEx ESG ITE Total Return Index would have achieved returns of 177.57% for the period January 2017 to April 2021, which compares favorably to TPEX and TAIEX in the same period.

The “TIP TPEx ESG ITE Total Return Index” represents electronic companies with good ESG performance in TPEx market, and which has commercialized ETN to be traded later on, that could provide investors with more opportunities to invest and to promote the ESG concepts.