EWT - EWT: Taiwanese Stocks Look Inexpensive But Political Risk Premium Will Likely Remain

• EWT invests in Taiwanese equities; large-caps and mid-caps.
• The fund's largest position is one of the global leaders in semiconductors.
• As a whole, EWT likely offers good value, and while I would remain bullish, one should likely avoid having a large position in Taiwanese equities.
• Political risk is likely to over-shadow EWT for the years to come, and so while the forward price/earnings multiple is likely to remain relatively low, it is probably unlikely to materially expand for the time being.

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