The Taiwan Stock Exchange is aiming to get an exchange-traded fund (ETF) listed on the Tokyo Stock Exchange in 2017, tapping investment opportunities in Japan. Japanese investors are becoming more aware of Taiwanese equities after Taiwan's Foxconn became the biggest shareholder in Sharp Corp. of Japan, Taiwan Stock Exchange (TWSE) President Lee Chi-hsien said on Monday.
The Taiwan exchange is asking Daiwa Securities Group Inc. and Nomura Holdings Inc. to arrange meetings in Japan next month, hoping to attract interest from major institutional investors, Lee told Reuters in an interview.
"There has been a huge increase in recognition of Taiwanese companies in Japan ever since Foxconn acquired Sharp," he said. "Cementing a partnership with Japan is among our top priorities this year."
Foxconn is formally known as Hon Hai Precision Industry Co Ltd., a major supplier of Apple Inc's iPhones.