An Active ETF is a fund traded on the securities market and managed by a securities investment trust company based on a specific investment strategy, where active analysis is used to make decisions.
Trading method | Through the stock brokerage account, the same as stock trading. |
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Trading hours | 9:00 AM - 1:30 PM, the same as stock trading. |
Trading unit | The board lot for trading ETFs consists of 1,000 beneficial units; however, odd-lot trading is also permitted, the same as stock trading. |
Margin trading and day trade | Margin trading and day trading are permitted for ETFs after they are listed, the same as stock trading. |
Fees (commission) | Set by the securities brokers but capped at 0.1425%, the same as stock trading. |
Securities transactions tax rate | 0.1% of the transaction price (levied on the sale side), which is less than the tax rate of trading stocks |
Daily price fluctuation limit |
ETF comprising only domestic securities - 10%; ETF comprising foreign securities - no upside/downside limit. |
Tick size | The tick size for trading ETFs is NT$0.01 for market prices below NT$50 and NT$0.05 for market prices of NT$50 or higher, both of which are smaller than the tick sizes for stocks. |
RP/RS trade | RP/RS trading of bond ETFs is allowed for over-the-counter transactions. |
Liquidity provider | A liquidity provider mechanism has been established to ensure market liquidity. |
Creation/redemption system | Investors can create and redeem ETFs through participating dealers. |
Over-the-counter (OTC) transactions | TPEx-listed ETF are allowed to be traded over-the-counter (OTC). |