This Active ETF Stuck in Ex-Dividend Slump Below 15 TWD! Ruan Mu-Hua Reveals Key Insight: It Will Rebound Faster Than Others

Taiwan's stock market recently saw a surge in popularity for active ETFs, but many funds suffered heavy losses during the previous market correction. Among them, Allianz Taiwan High-Dividend Growth (00984A) went ex-dividend on July 16 with an initial reference price of 15.88 TWD. On the 11th, dividend payments were distributed, yet despite a strong rebound in the broader market index, 00984A closed at 15.18 TWD, remaining in an ex-dividend discount situation.

In response, financial expert Ruan Mu-Hua stated bluntly, "This is just its nature," emphasizing there's no need for embellishment. On Facebook, Ruan explained that 00984A follows a strategy of "high dividend as base, growth for added value," using high-dividend stocks as core holdings for stability while allocating part of assets to growth stocks.

"In a bull market, these growth positions act as accelerators; in a bear market, the same positions become speed bumps. You can't want only the accelerator without brake failure—such a product doesn't exist. If it does, please let me know, because I'd want to buy it too," he said, highlighting the inherent trade-off between risk and return.

Ruan stressed that the right mindset for investing in 00984A isn't questioning why it falls, but whether you believe in a key premise: that markets are bullish in the long term but bearish in the short term. If you believe this, then the structure—earning more during rallies and giving back more during declines—is advantageous over time. However, if you need peace of mind and can't tolerate daily fluctuations in unrealized gains or losses, then 0056, not 00984A, is what you're truly seeking.

Regarding dividends, 00984A has distributed dividends four times since listing, with dividend yield trending upward. The July payout annualized to nearly 11%. While this sounds impressive, Ruan cautioned, "High dividend yield is partly due to the denominator—the stock price—falling. In such cases, the yield appears mathematically attractive, not miraculously so."

Currently, 00984A has bounced up to meet resistance at the monthly moving average, stuck halfway. A breakout would require the GreTai Securities Market to reclaim its quarterly line and for small- and mid-cap stocks to regain volume. But if a rebound does materialize, based on its behavior over the past year, 00984A is likely to rebound faster than the 'Big Three' ETFs. "It has never been the sluggish one," Ruan emphasized.

In summary, Ruan concluded: for investors seeking a high-dividend ETF with lively price movement—but not so volatile as to lose sleep—00984A is a viable option. "The prerequisite is— you must be able to tolerate it occasionally falling off the pedestal."

More exclusive insights from Feng Media: · Taiwan stock market rebounds sharply—has hot money returned? Analysts reveal: 'Yes, there is capital inflow'—but only certain stocks benefit · Has the 'retreat tide' in Taiwan stocks ended? Three major institutional investors turn buyers simultaneously—experts reveal entry strategy: could challenge previous highs · Appeared on political talk show to criticize Yang Jin-Long? Ruan Mu-Hua exposes AI scam—previous victim was 'this celebrity'