Despite Taiwan Stock Volatility, Investors Keep Buying! June DCA Rankings Revealed: 00991A Debuts and Overtakes Two Veterans

Taiwan's stock market experienced high-level volatility in June, yet investors increased their regular investments. According to statistics from the Investment Trust and Advisory Association, the total amount deducted for ETF dollar-cost averaging (DCA) in June surpassed 30 billion TWD for the first time. Meanwhile, data from the Taiwan Stock Exchange as of the end of June shows that the top five ETFs by DCA account numbers remained dominated by 0050, 0056, 00878, 006208, and 00981A. This month, two ETFs entered the rankings for the first time, with the actively managed Fu-Hua Future 50 (00991A) debuting at No. 18, overtaking two veteran funds, making it the most notable new entrant this month.

Data shows that 00991A ranked 18th in June with nearly 23,000 DCA accounts. The other newcomer, 00935, ranked 20th. In fact, the trend of capital shifting toward 'active management' is now widespread: not only are active ETFs increasingly entering DCA rankings, but the DCA deduction amount for actively managed Taiwan equity funds reached nearly 6 billion TWD in June—setting a new record for the second consecutive month—with a cumulative total of nearly 40 billion TWD in the first half of the year. Investment trust firms point out that in high-level volatile markets with rapid sector rotation, passive ETFs can only follow the index blindly, while active ETFs can flexibly adjust holdings based on market conditions. The combination of 'DCA discipline' and 'active management flexibility' is precisely why 00991A has attracted a large number of investors in a short period. Moreover, 00991A has proven its strength by ranking as the top-performing active Taiwan equity ETF in the first half of the year, demonstrating both popularity and performance.

June ETF DCA Account Number Rankings. (Source: CMoney, June 30, 2026)

Long-term investing has become mainstream, with ETF DCA participation increasing by nearly 10%. Financial experts note that the total number of DCA accounts for the top 20 ETFs in June reached 2.97 million, up 8.7% from 2.73 million in May. Hundreds of billions of TWD in DCA funds continue to flow into the Taiwan stock market each month, gradually forming what the market calls the 'Fourth Institutional Investor'—an increasingly powerful force. More and more investors are pursuing long-term returns step by step.

Investors are adopting a 'buy on dips' strategy. For example, on the 20th, amid continued declines in U.S. stocks, Taiwan's market opened lower. Among the top ten most traded securities that day, only UMC, Innolux, and AU Optronics were individual stocks—the remaining seven were all ETFs—indicating that market funds continue to accumulate active ETFs at lower levels.

As investment complexity rises in the AI era, 00991A’s 'junior brother' is set to launch next month. In response to market volatility at high levels, in addition to long-term DCA strategies, investors are advised to expand their investment scope from a Taiwan-centric core to a global one. Investment firms note that while AI remains the global investment focus today, over the next five to ten years, AI will evolve from the cloud to the edge—for example, biotech companies using AI to develop new drugs, manufacturers using AI to achieve fully automated factories, defense industries using AI for precision strikes, and financial services using AI to dramatically improve service efficiency.

It is understood that most ETF products scheduled for fundraising in August will focus on the global AI theme, such as Fu-Hua Global Future 50 (00409A), Taishin Global AI Power Fund, and Yushan Future Global Computing Power ETF (009827). Particularly, 00409A, the 'junior brother' of 00991A and part of the same 'Future' series, is drawing significant market attention. Its fundraising period is scheduled from August 12 to 14.

Discovering 'dark horse' opportunities in both AI and non-AI industries, active ETF managers are adopting team-based strategies. Investment firms point out that the explosive demand for AI is driving rapid growth in future global computing power indices. Today, computing power has become a scarce resource, and the resulting power demand has become a core strategic resource globally. Fu-Hua Asset Management emphasizes that amid the rapid evolution of global AI, while stock markets show a bullish trend, the financial market's main theme is changing quickly, significantly increasing investment complexity. Future investment strategies should not only focus on large-cap stocks benefiting from AI dividends and seek long-term capital gains while reducing risk, but also recognize that there are many non-AI industries worldwide that may be misunderstood or whose potential has yet to be discovered.

Notably, to respond to the changing global AI landscape, Fu-Hua Asset Management, in addition to its existing strong research team, has adopted a new management structure for the newly launched 00409A: one lead manager supported by two co-managers. This collaborative model combines expertise in finance and technology to enhance investment decision-making.