Taiwan Fund Monthly Insights- November, 2024

December 23, 2024

U.S. election results and concerns over tariffs led to a market decline. In November, the Taiwan TAIEX Total Return Index, (the “Benchmark”) decreased by 3.77% in U.S. dollar terms, with Energy and Consumer Staples being the poorest performing sectors. Within Consumer Staples, Consumer Staples Distribution & Retail was the poorest performing industry group. During the month, the best two performing sectors were Real Estate and Industrials. Within the Real Estate sector, the Real Estate Management & Development industry group was the main contributor to sector performance. In Industrials, the increase was primarily driven by the Transportation industry group.