Fubon's 00662 Approved for Additional NT$20 Billion Fundraising, Awaiting Central Bank Approval; Split Schedule to Be Adjusted

Fubon's NASDAQ ETF (00662-TW), which tracks the NASDAQ-100 Index, has surpassed NT$100 billion in assets, further intensifying market interest. Fubon Asset Management announced that the first additional fundraising for 00662 has been approved by regulators. The new quota will be open for subscription, helping increase the fund's maximum fundraising capacity and market supply, meeting investor demand for exposure to large-cap U.S. tech stocks. However, due to the additional fundraising process, the 00662 split schedule will also be adjusted, with related operational dates to be announced separately.

According to Fubon Asset Management's announcement, the total amount for the first additional fundraising of 00662 is NT$20 billion, with 1 billion new beneficiary units to be issued. The total maximum fundraising amount will reach NT$40 billion, with a net issuance of 2 billion beneficiary units. This additional fundraising still requires approval from Taiwan's Central Bank before it can proceed. Therefore, the official start date for the new quota's fundraising will be announced after receiving the Central Bank's approval letter.

Wang Chen-fang, portfolio manager of the Fubon NASDAQ ETF (00662-TW), stated that the proportion of S&P 500 and NASDAQ component stocks trading above their 52-week and quarterly moving averages has not significantly deteriorated, indicating stable market breadth. The medium- to long-term outlook for U.S. equities remains positive. Recent market movements primarily reflect profit-taking and sector rotation after a strong rally, rather than a broad-based deterioration in corporate fundamentals.

AI infrastructure remains the core driver supporting the U.S. tech sector. Bank of America forecasts global AI-related spending will exceed $1.7 trillion by the end of 2030, more than doubling from current levels. Driven by demand for AI infrastructure, the global semiconductor manufacturing equipment market is expected to reach $190 billion by 2027 and further climb to $250 billion by 2028, indicating continued growth potential in advanced processes, semiconductor equipment, and cloud computing investments.

However, the market's next focus will shift from the scale of capital expenditure to whether AI investments can translate into tangible revenue and profits. As major cloud service providers continue expanding their AI infrastructure, investors will closely monitor whether this demand cascades through the supply chain and whether companies can enhance productivity and generate cash flow. Earnings reports and financial forecasts will be key drivers of tech stock valuations.

*Disclaimer: References to individual stocks, funds, or futures products in this article are for informational purposes only and do not constitute investment advice. Investors should make independent judgments, carefully assess risks, and bear their own profits and losses.