Improving Exports Prompt An Upgrade for Taiwan
Asian Tiger Taiwan, last month, posted record export figures of nearly $26 billion, or a 58 percent increase over last year. For the first half of the year, exports for the country totaled $109.26 billion. This has caused several analysts to revise upwards the nation's GDP growth projection for the year. Analysts predict that the island nation will grow between 5 and 7 percent this year with the official government forecasts in the 4.72 to 6.14 percent range. Taiwan experienced 13 percent GDP in the first quarter. Adding this to the falling 5.4 percent unemployment rate, as industrial manufacturing companies increase their workforce, and you have recipe for investment success.
Investors wanting to add Taiwan’s explosive growth to a portfolio can do so with the broad-based iShares MSCI Taiwan Index (NYSE: EWT). Investors wanting to add small cap Taiwanese exposure can add the new IQ Taiwan Small Cap ETF (NASDAQ: TWON).
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