Taiwanese stocks (TSMC-heavy)
Taiwanese stocks: and that mostly means TSMC, the chipmaker that makes about 90% of the world's cutting-edge processors. TSMC alone is nearly half the fund. Owning this is essentially a concentrated bet on global semiconductor demand and Taiwan staying out of conflict.
Returns shown in USD (your base currency). Past performance is not a reliable guide to future results.
- Direct ownership of the world's most important chipmaker
- Rides global AI and chip-demand growth
- Taiwan industrials and tech ecosystem alongside TSMC
- TSMC = ~half the fund. Extreme single-stock risk
- Taiwan-China geopolitical risk is real and ongoing
- Quoted in pence: extra FX hop from USD
About this fund
Tracks MSCI Taiwan. TSMC is roughly 45-50% of the index - this is essentially a concentrated bet on global semiconductor demand and Taiwan's chip industry. Trades in GBp on LSE, so there's an extra FX hop for USD-base investors.
Available on Interactive Brokers
Low-cost access to Taiwanese stocks (TSMC-heavy) and 10,000+ funds worldwide.
Frequently asked questions
Is XMTW.L accumulating or distributing?
Xtrackers MSCI Taiwan UCITS ETF 1C (XMTW.L) is an accumulating ETF, so its dividends are reinvested automatically inside the fund instead of paid out as cash. The value compounds in the share price, which keeps things simple since the dividends are reinvested for you instead of arriving as cash you would otherwise have to reinvest yourself.
What is the annual fee (TER) for XMTW.L?
XMTW.L has a total expense ratio (TER) of 0.65% per year. On a $10,000 holding that is roughly $65 a year, charged inside the fund rather than billed to you separately. A lower fee leaves more of the return compounding for you over time.
Can I buy XMTW.L on Interactive Brokers?
Yes. XMTW.L trades on LSE, GBp and is available to investors worldwide through Interactive Brokers (IBKR). IBKR is the most popular way to buy UCITS ETFs because of its low FX conversion cost (around 0.03%) and low trading commissions.
What does XMTW.L invest in?
Xtrackers MSCI Taiwan UCITS ETF 1C (XMTW.L) tracks the MSCI Taiwan. Taiwanese stocks: and that mostly means TSMC, the chipmaker that makes about 90% of the world's cutting-edge processors. You buy one fund and get the whole basket in a single trade.
Is XMTW.L a UCITS ETF, and where is it domiciled?
Yes, XMTW.L is a UCITS ETF domiciled in Luxembourg. For non-US investors, EU-domiciled UCITS ETFs are usually preferred over US-domiciled ones: US dividend withholding tax is 15% under the tax treaty (versus 30% on US-domiciled funds for many non-US investors), and the holdings sit outside US estate tax.
How risky is XMTW.L?
On the TickerCompare 1 to 5 scale, XMTW.L is rated higher risk (5/5), based on how much its price has moved historically. Higher-risk funds can fall further in a downturn, so match the choice to your time horizon and how much volatility you can stomach.