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Fubon FTSE TWSE Taiwan 50 ETF
富邦台灣采吉50基金
Company type	Fund
Traded as	(TWSE: 006208, (Chinese: FB台50)
Founded	2012
Headquarters	Taipei, Taiwan

Taiwan Top50 Tracker Fund
元大寶來台灣卓越50
Company type	Fund
Traded as	(TWSE: 0050, SEHK: 3002) (Chinese: 台灣50)
Founded	2003
Headquarters	Taipei, Taiwan

The Taiwan Top50 Tracker Fund or TTT is an exchange-traded fund holding Taiwan stocks. The fund tracks the FTSE TWSE Taiwan 50 Index.^[1]

History

On August 19, 2009, Taiwan 50 (HKEx: 3002) was listed on the Hong Kong Stock Exchange, becoming the first Taiwan ETF with cross-border listing in Hong Kong.^[2]

On October 20, 2010, Taiwan Futures Exchange (TFE) announced Taiwan 50 as a marketable security for margin calls on futures transactions.^[3] After going ex-dividend on October 25 of the same year, the Taiwan 50 completed its dividend fill in 11 trading days, as foreign investors targeted large-capitalization stocks for buying.^[4]^[5]

After the Lunar New Year in 2011, foreign investors sold a lot of Taiwan stocks, and the proportion of foreign investors in the Taiwan 50 dropped drastically, but local corporations entered the market at a low price, and the total size of the fund grew against the trend.^[6] In June of the same year, foreign investors applied for conversion of their holdings into Taiwan 50s to avoid participating in the ex-dividend for equity shares and avoiding the 20% capital gains tax.^[7] In August of the same year, when Taiwan stocks fell hard, the Taiwan 50 became the first choice of the government stock banks to protect their stocks, and on August 9, it recorded a huge turnover of 137,654 shares.^[8]^[9]