Introduction

The MSCI Taiwan 25/50 Net Total Return Index is designed to measure the performance of the large and mid cap segments of the Taiwanese market. It applies certain investment limits that are imposed on regulated investment companies, or RICs, under the current Inland Revenue Code. As at 31 July 2020, there are 87 constituents, the index covers about 85% of the free float-adjusted market capitalization in Taiwan. 

The introduction of the MSCI Taiwan 25/50 Net Total Return (USD) Index Futures contract aims to meet the trading and hedging needs of investors who have exposure to large and mid-cap companies in Taiwan in a cost effective manner.  Asset managers and banks can make use of MSCI Taiwan 25/50 Net Total Return (USD) Index Futures for cash equitisation and manage market, settlement and liquidity risks without cross zone trading issue. 

The constituent list and vendor codes can be found in MSCI websites https://www.msci.com/constituents and https://www.msci.com/ticker-codes respectively. 

The Commodity Futures Trading Commission (CFTC) has certified the MSCI Taiwan 25/50 Net Total Return (USD) Index Futures contracts to be offered and sold to persons in the U.S.