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FTSE: New Index For Taiwan Market

Date 13/08/2002

A new tradable index for Taiwan has been created by the Taiwan Stock Exchange (TSEC) in collaboration with FTSE Group, the global index company. The index, named the TSEC Taiwan 50 is a key market indicator for Taiwan and uses FTSE index design methodology to meet the needs of both domestic and international investors.

The TSEC Taiwan 50 Index is transparent, liquidity tested, free float adjusted and uses the internationally recognised FTSE Global Classification System. The new index can be used to gain exposure to the Taiwan market and as a tool to manage risk.

The index will be launched later this year. It is expected that futures contracts, an Exchange Traded Fund (ETF) and other derivative products based on the index, will also be available.

Sean C Chen, Chairman Taiwan Stock Exchange Corporation said "Developing a business partnership with FTSE Group is an integral part of our strategy to improve our service to meet market needs, and to help Taiwan gain greater global visibility. Introducing the TSEC Taiwan 50 index will facilitate the development of derivative products based on the new index and provide investors with well-designed alternative benchmarks for devising their investment strategy."

Graham Colbourne, Chairman FTSE Asia Pacific said "FTSE index methodology is recognised as the premier model for index construction by investors. Increasingly, FTSE is being consulted by exchanges around the world to assist in the development of indices to suit local and international investors."