Taiwan Fund Monthly Insights - May, 2024

June 26, 2024

The Taiwan TAIEX Total Return Index, (the “Benchmark”) rose 4.36% in May 2024, in US dollar terms. The rise was driven by the Real Estate and the Information Technology (IT) sectors, with both demonstrating robust performance during the month.  In the Real Estate sector, performance was driven primarily by the Real Estate Management & Development industry group. Within the Information Technology sector, the Semiconductors & Semiconductor Equipment and the Technology Hardware & Equipment industry groups were the best-performing industries. During the month, the top two underperforming sectors were Energy and Utilities.