NVDA - TWN: No FOMO Ride The 'AI 5' Tailwind With This Hated Fund

2024-02-24 01:50:33 ET

Summary

• Taiwan Fund Inc is a closed-end fund that focuses on actively managing a portfolio of stocks listed on the Taiwan Stock Exchange.
• The fund has reasonable scale with around $330 million of assets under management and a distribution is usually paid annually.
• The fund has a high weighting to Taiwan Semiconductor Manufacturing Company, which has been a major contributor to its recent performance.

Taiwan fund overview

Taiwan Fund Inc (TWN) is a closed-end fund that focuses on actively managing a portfolio of stocks listed on the Taiwan Stock Exchange, to achieve long term capital growth. According to the fund’s website , it will “ invest more than 25% of its total assets in the semi-conductor industry .”

The investment advisor is Nomura, and Nomura Taiwan specifically has a dedicated team specializing in managing this fund. The investment team has experience continuously managing equity mandates in Taiwan dating back to 1998. Its investment philosophy is centered on bottom-up stock picking with a growth orientated bias....

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