Taiwan Financials High dividend-yield ETFs: Updated analysis for the upcoming rebalancing of 00919 TT

研报英文原文证据摘录

Taiwan Financials High dividend-yield ETFs: Updated analysis for the upcoming rebalancing of 00919 TT

J P M O R G A N Asia Pacific Equity Research

21 May 2026

Taiwan Financials

High dividend-yield ETFs: Updated analysis for the

upcoming rebalancing of 00919 TT

In our previous report (link) we forecasted the potential rebalancing impact for Asia Financials

AC00919 TT. This report updates our rebalancing estimates using the official review Jemmy S Huang

cut-off date of May 15, incorporating the latest ADT/share price changes and 1Q26 (886-2) 2725-9870

data in the ROE and dividend yield calculations. The updated results suggest up to jemmy.s.huang@jpmorgan.com

18 stocks may be reshuffled in the upcoming rebalancing. Among financial names, J.P.MorganMorganSecuritiesSecurities(Asia(Taiwan)Pacific) Limited/Limited/ J.P.J.P.

we expect Chailease and Mega to be added, but TSH to be removed; however, the Morgan Broking (Hong Kong) Limited

7/20 market cap rule (i.e. requiring at least 7/20 constituents to rank among the top Amanda Chang AC

50/150 companies by market cap respectively) may lead to our forecasts having (886-2) 2725-9861

greater uncertainty, with E.Sun, First, and KGI being potential additions to 00919 amanda.chang@jpmorgan.com

J.P. Morgan Securities (Taiwan) Limited

TT if they meet this criteria.

Katherine Lei

• Potential changes to component stocks (Table 2): We expect 00919 TT to add (852) 2800-8552

and delete 18 stocks in the upcoming June rebalancing (vs. 12 changes in our katherine.lei@jpmorgan.com

J.P. Morgan Securities (Asia Pacific) Limited/ J.P.

last forecast), which is also higher than 16/6 stock additions/deletions in last Morgan Broking (Hong Kong) Limited

June’s rebalancing. Compared to our previous estimates, we introduce 7 new