The NT$136.5B (USD ~4.2B) Fuh Hwa Taiwan Tech High Dividend ETF (00929) is executing a 22-in/22-out rebalance effective June 29, dropping TSMC (2330) and MediaTek (2454) as their yields fell below the high-dividend threshold. AI server ODMs Hon Hai (2317), Quanta, Wistron (3231), and Gigabyte (2376) come in alongside the three telecom majors, with an 8-day transition period to cushion flows. Other notable deletions include Pegatron (4938) and GlobalWafers (6488).
Why it matters: ETF rebalancing creates mechanical flow pressure on named constituents but is a passive index event, not a fundamental catalyst — flows are also cushioned by an 8-day transition window.
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