30 Jun 2003, Mia Trinephi, Risk magazine
TTT is referenced on the Taiwan 50 Index and its trading price will be about 1% of the Taiwan 50 Index’s. Among the advantages of the TTT is the possibility of short selling the ETF and a lower tax levied on the ETF, at 0.1%, compared with stocks which are taxed at 0.3%.
TTT’s management fee of 0.32% per annum is the lowest mutual fund fee in Taiwan. Polaris and State Street expect TTT’s asset size to reach NT$10 billion ($288 million)within a year.