TAIFEX launches mini electronics futures

Taipei dragonsThe Taiwan Futures Exchange (TAIFEX) is to launch a second range of “mini” equity index futures focused on electronics stocks. The release of the Mini Electronics Sector Futures (ZEF) is in reaction to an increase in the number of global investors seeking exposure to the electronics market. Sales of laptops, chips and network peripherals have risen dramatically during the pandemic and the move to home working. This has in turn led to a surge in demand for semiconductors, optoelectronics and various electronics components and parts. Consequently, listed firms working in this sector have seen their value rise markedly. This includes Taiwanese companies such as TSMC, Mediatek and Hon Hai Precision, the main assembler of Apple iPhones. The trading value of electronics stocks now account for 70% of Taiwan’s stock market while the large Electronics Sector Index Futures (TE) has doubled in value since its launch. The ZEF contract value will be around one eighth of the larger futures product and will ostensibly be aimed at retail investors. © 2021 funds global asia

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