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AI Supply Chain Rebound Drives Active ETFs Toward New Highs

Miscellaneous · Investment Trusts/Mutual Funds · cnyes · 2026-09-03

00401, 2059, 2308, 2313, 2330, 2382, 2445, 2454, 3008, 3491, 5274

As capital flows back into AI servers and advanced packaging, active ETFs like 00401A are outperforming by concentrating over 70% of assets in key tech sectors.

What Happened

Market Dynamics: Despite recent volatility in the Taiwan stock market, capital continues to rotate into high-growth sectors such as AI servers, advanced packaging, and optical communications. Active ETFs have leveraged their flexible management strategies to outperform traditional market-cap and high-dividend indices, with several nearing previous highs.

Investment Strategy: The JPM Taiwan Active ETF (00401A) has focused over 70% of its portfolio on semiconductor testing, advanced packaging, and high-speed transmission. By balancing technology holdings with financial and traditional industrial stocks, the fund has demonstrated resilience and strong growth potential during market fluctuations.

Portfolio Allocation: The fund's top five holdings include industry leaders like TSMC, MediaTek, and Largan Precision, accounting for nearly 30% of its assets. In August, the management team strategically increased exposure to AI supply chain players such as Quanta Computer, Compeq, and Shenmao, capturing gains from the sector's upward momentum.

Industry Outlook: Growth in 800G and 1.6T optical module demand, alongside the expansion of low-earth orbit satellite opportunities, continues to drive performance for key suppliers. The active management team remains focused on maintaining flexibility to capitalize on ongoing trends in thermal management, high-speed data, and advanced manufacturing processes.

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