iShares MSCI Taiwan ETF

iShares MSCI Taiwan ETF (EWT) is BlackRock's primary single-country fund for Taiwanese equities and the largest Taiwan-focused ETF by assets in the US market. With an inception date of June 2000, it has more than two decades of track record giving investors access to Taiwan's economy, which plays a central role in the global semiconductor supply chain.

What does iShares MSCI Taiwan ETF track? 

EWT tracks the MSCI Taiwan 25/50 Index, a free-float-adjusted market-capitalisation-weighted index designed to measure the performance of large- and mid-capitalisation Taiwanese equities, with index data prior to December 2016 reflecting the uncapped MSCI Taiwan Index. The 25/50 structure caps any single company's weight to manage the concentration risk created by Taiwan's reliance on a small number of very large technology companies.

What does iShares MSCI Taiwan ETF hold?

The fund's holdings are heavily weighted toward technology hardware and semiconductor manufacturing, reflecting Taiwan's global leadership in advanced chip fabrication, alongside smaller allocations to financial services, basic materials, consumer cyclical, communication services, and industrials. This technology concentration means the fund's performance is closely linked to global semiconductor demand cycles rather than to a broadly diversified cross-section of the Taiwanese economy.

iShares MSCI Taiwan ETF Investment strategy

EWT follows a passive, index-replication strategy, generally investing at least 80% of its assets in the component securities of its underlying index and in instruments with substantially similar economic characteristics. As a single-country fund, EWT allows investors to express a targeted view on Taiwan's economy and its position in global technology supply chains, while inherently carrying geopolitical and sector-concentration risks tied to its geography and heavy technology tilt.