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Time to buy iShares MSCI Taiwan ETF (EWT:NYSE)?

Posted June 2, 2008

Time to buy iShares MSCI Taiwan ETF (EWT:NYSE)?

Baltimore — (TFN): Is this the time to buy iShares MSCI (EWT-NYSE)? Once Ma Ying-jeou takes office in Taiwan, the sky’s the limit for the Taiwanese economy. Chinese president Hu Jintao and the Taiwan vice president-elect are already in agreement to start talks as soon as possible, making the this ETF an immediate buy.

Hear all about if iShares MSCI Taiwan are a good buy now.

by Ian Cooper

The following was taken from the TFN 60-Second Buzz. Watch this video.

Over the past years, the Taiwanese benchmark index has barely moved, even as Hong Kong’s market rallied 75%, and as Shanghai’s has nearly doubled.

But things are about to change in a big way.

This is the week the new Taiwan president takes office, and when, according to Chinese “hints,” talks between Taiwan and China could begin. Chinese president Hu Jintao and the Taiwan vice president-elect are already in agreement to “start talks as soon as possible.” Rather just watch the video? Click here.

Should all go according to plan, Taiwan will see an increase in airline connections and tourism. There’ll be  stronger investment opportunities—a move that’ll easily boost EWT and related Taiwanese stocks, including GigaMedia, retailers, hotels and restaurants.

In anticipation of change, we’re already watching as real estate heats up.

Home prices are reportedly up 30% since the election, and could be up another 60% by the end of 2008. High-end apartment prices are up more than 50%. And it’s only expected to improve on Ma’s pledge to open the Taiwan property market to Chinese investors.

Even office space is expected to be under heavy demand on he heels of Taiwanese business expansion. Vacancies have already dropped to five year lows of 4% in some areas. Don’t be shocked when office rentals can’t keep up with demand. Forecasts peg high end office rates at US$3.60 a square foot — a record rate that has never been seen in Taiwan.

As we take a step closer to a strengthened Taiwan, we’re backing up the truck on the iShares MSCI Taiwan ETF (EWT).

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Posted by Ian Cooper · Filed Under Featured Video, International Investing, Videos 

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