Focus

Taiwan–Japan Partnership Opens a New Chapter in Market Globalization — First ETF Linked to Taiwan Listed on the Tokyo Stock Exchange, Showcasing the Strength of Taiwan’s Capital Market

Cheryl Sun
Senior Manager at TWSE

In support of the government’s initiative to build Asia’s Asset Management Center and to promote greater international connectivity, Taiwan’s capital market continues to expand its cross-border collaboration. In September 2025, the first ETF linked to Taiwan’s high-tech industries was officially listed on the Tokyo Stock Exchange (TSE). This milestone not only provides Japanese investors with a new and convenient channel to invest in Taiwan’s leading technology sectors, but also symbolizes a new era of cooperation between the Taiwan and Japan capital markets.

This achievement highlights the diversity and internationalization of Taiwan’s ETF offerings, underscoring the growing global recognition of Taiwan’s capital market.

1. Taiwan–Japan Cross-Border ETF Collaboration

Currently, two Taiwan-linked ETFs have been successfully listed in Japan:

  • Daiwa Asset Management launched an ETF linked to “Cathay Taiwan Technology Leader ETF”
  • Nomura Asset Management issued an ETF linked to the “Nomura Taiwan Innovation Technology 50 ETF.”

Both ETFs focus on Taiwan’s most representative high-tech and innovation-driven industries, enabling Japanese investors to conveniently participate in the long-term growth potential of Taiwan’s leading enterprises. As of October 7, the assets under management of the two ETFs have grown by 275% and 540%, respectively — a testament to international investors’ confidence in Taiwan’s industrial and financial development.

2. Promoting Awareness and Strengthening Engagement

To enhance Japanese investors’ understanding of the advantages and characteristics of Taiwan’s capital market, relevant institutions jointly organized a series of promotional and media activities, maximizing the impact of this historic collaboration:

(1) Distinctive Listing Ceremony Reflecting Taiwan–Japan Friendship
The listing ceremony on September 18 featured a traditional Taiwanese lion dance performance, symbolizing cultural exchange and friendship. The event drew significant media attention and reflected the Japanese market’s recognition of Taiwan’s growing capital market. 

(2) Extensive Media Coverage and Strong International Exposure
Following the listing ceremony on September 12, Daiwa Asset Management organized a press conference joined by representatives from Daiwa Asset Management, Cathay SITE, and the Taiwan Stock Exchange. The ETF product and highlighted Taiwan’s capital market strengths were introduced to the media. Major Japanese media outlets, including Nikkei, Yomiuri Shimbun, and Jiji Press, reported on the event. Across both listing ceremonies, there were over 1,300 international media exposures, significantly increasing the visibility of Taiwan’s ETFs in global markets.

(3) Television Coverage Enhancing Market Awareness
Tokyo Television (TV Tokyo) conducted on-site filming and interviews during both listing ceremonies. The programs were broadcast on TV and YouTube, presenting the milestone of Taiwan–Japan cooperation to a broad audience and making “Taiwan ETFs” a trending topic among Japanese investors.

3. Continuing to Deepen Taiwan–Japan Market Collaboration

Looking ahead, Taiwan will continue to strengthen its cooperation with Japan’s capital market, encouraging more investors to understand the advantages and growth potential of Taiwan ETFs.
Beyond ongoing promotional activities with professional institutions, efforts will also include leveraging online investment platforms and social media channels familiar to Japanese investors to promote Taiwan’s capital market and platforms such as ETFortune website. These efforts aim to provide more convenient access to investment information and services.

Through continued promotion and engagement, Taiwan hopes to attract more financial intermediaries to issue products linked to the Taiwan market, thereby extending the brand visibility and influence of Taiwan’s capital market on the global stage.

Conclusion

The successful cross-listing of Taiwan-linked ETFs not only signifies a new stage of collaboration between Taiwan and Japan’s markets, but also demonstrates Taiwan’s continuous efforts toward innovation, professionalism, and globalization. The complementary strengths of both economies provide fertile ground for cross-border ETF development. Looking forward, Taiwan and Japan’s ongoing cooperation in ETF innovation will offer investors more diversified choices and contribute to the advancement of inclusive finance in the region.

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