EWT - Taiwan Fund: Macro Improvements Outweigh Political Volatility
2024-07-26 04:51:53 ET
Summary
- Taiwan's economy is showing signs of recovery in 2024, with increased export growth and an improved growth outlook.
- The Taiwan Fund has had a strong start this year and remains an attractive buy due to its discount to NAV.
- Taiwan's GDP growth for the first quarter of 2024 was 6.56%.
- Export growth in Taiwan has been stellar during the first half of 2024.
Opportunity Overview
2024 has been a very positive year for Taiwan's economy, which should help support the equity market during the second half of the year. China's economic recovery has helped support Taiwan, following its slump several years ago, and the United States has also become a stronger trade partner....
Taiwan Fund: Macro Improvements Outweigh Political Volatility