EWT - EWT: Taiwanese Equities Still Offer Great Value

• Taiwanese equities have ramped significantly since the start of 2020.
• While this has filled me with caution, Taiwanese equities still seem to offer great value relative to U.S. equities.
• The forward P/E ratio in Taiwan is relatively low in spite of the fact that Taiwanese equities are significantly more tech-concentrated than even the U.S.
• EWT is probably still undervalued, and it is likely that the Taiwanese dollar is too. Therefore, I would be unsurprised to see Taiwanese equities outperform globally for the foreseeable future.

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