Taiwan Fund Monthly Insights - November, 2023
December 15, 2023The Taiwan TAIEX Total Return Index, (the “Benchmark”), rose 13.12% in November 2023, in US dollar terms, with electronics leading the rally. The top three outperforming industry groups were Capital Goods, Semiconductors & Semiconductor Equipment and Consumer
Discretionary Distribution & Retail. The top three underperforming industry groups were Pharmaceuticals, Biotechnology & Life Sciences, Telecommunication Services and Utilities.