- Financials
A Basic Introduction to ETF
An ETF (Exchange-Traded Fund) is an index fund that combines the characteristics of both funds and stocks: pooling money from multiple investors into one investment (fund) while being tradable on the secondary market (stocks). ETFs can be broadly categorized into security-based, leveraged and inverse, and commodity futures types. Due to their dual nature as both funds and stocks, ETFs also have their corresponding fees.
- Macroeconomics
Fed Policies & Related Tools
The Federal Reserve sets "monetary policy" through FOMC meetings to achieve its dual mandate of stability. The well-known actions of raising and lowering interest rates are part of this process, aimed at controlling the Federal Funds Rate (FFR) using various FOMC tools. Traditionally, these tools include Open Market Operations, the Discount Window, and Required Reserve Ratios. However, additional tools have evolved over time such as Quantitative Easing (QE), Interest on Reserve Balances (IORB), and the Overnight Reverse Repurchase Agreement (ON RRP). This article will introduce each of these tools in detail, explaining their specific functions and impacts.
- Stock
What is adjusted stock price?
Since dividends represent a company returning its earnings to shareholders in the form of cash or stock, simply looking at the ex-dividend historical price won’t provide us the true return on a stock investment. By using “adjusted stock price”, investors would be able to know the historical return on a stock through the stock price directly.
- Financials
A Basic Introduction to ETF
An ETF (Exchange-Traded Fund) is an index fund that combines the characteristics of both funds and stocks: pooling money from multiple investors into one investment (fund) while being tradable on the secondary market (stocks). ETFs can be broadly categorized into security-based, leveraged and inverse, and commodity futures types. Due to their dual nature as both funds and stocks, ETFs also have their corresponding fees.
- Macroeconomics
Fed Policies & Related Tools
The Federal Reserve sets "monetary policy" through FOMC meetings to achieve its dual mandate of stability. The well-known actions of raising and lowering interest rates are part of this process, aimed at controlling the Federal Funds Rate (FFR) using various FOMC tools. Traditionally, these tools include Open Market Operations, the Discount Window, and Required Reserve Ratios. However, additional tools have evolved over time such as Quantitative Easing (QE), Interest on Reserve Balances (IORB), and the Overnight Reverse Repurchase Agreement (ON RRP). This article will introduce each of these tools in detail, explaining their specific functions and impacts.
What Everyone’s Reading
- Financials
2024/10/18
Introduction to Taiwan Carbon Exchange
The Taiwan Carbon Exchange was inaugurated last year and officially launched carbon credit trading this year, enabling companies to reduce emissions through the transfer and trading of carbon credits, thereby promoting domestic carbon reduction. Carbon credits, carbon fees, and carbon taxes are all carbon pricing tools; carbon credits allow companies to trade emissions quotas, while carbon fees and taxes are charged based on emissions volume. Taiwan's carbon credit market is currently focused on voluntary transactions. Key beneficiary stocks include companies in carbon offset forestry, green energy production, carbon capture, and carbon auditing. As the world advances toward net-zero emissions, these related industries are expected to see growth opportunities.
- Macroeconomics
2024/10/18
Introduction to FedWatch Tool
FedWatch is a tool developed by the Chicago Mercantile Exchange (CME) to predict the probability of future rate hikes or cuts by the Federal Reserve. It calculates these probabilities based on the prices of "30-day Federal Funds" futures, offering insights into market expectations. The tool provides both short-term and long-term interest rate forecasts and includes the Fed officials’ dot plot to help analyze policy direction. With these features, investors can adjust their strategies in line with market expectations, preparing for potential rate changes in advance.
- Financials
2024/10/18
Introduction to Taiwan AI ETF
This year, AI-themed stocks have been a hot topic in the stock market, with companies such as NVIDIA and TSMC becoming focal points for investors. For those interested in investing in the AI industry, AI ETFs are a solid option. Examples include 00737, 00762, 00851, 00952. These ETFs include leading AI companies from Taiwan and around the world, making them suitable for investors looking to participate in the growth of the AI industry. Each ETF has unique holding strategies and management fees, so investors should select the option that best meets their needs.
- Industry
2024/10/18
US Industry 101: Introduction to Nvidia Business Segments
NVIDIA, founded by Jensen Huang in 1993, is renowned for its invention of the GPU. With the rise of AI, the company shifted its focus from gaming graphics cards to data centers. Following the explosion of AI applications after 2023, its data center revenue grew substantially, making it a core division. NVIDIA also ventures into professional visualization, autonomous driving, and OEM sectors, offering a variety of products and solutions, while fostering AI and automotive technology development through partnerships. Leveraging its strong technical capabilities and market leadership, NVIDIA continues to expand across multiple fields.
- Industry
2024/10/18
Taiwan Industry 101: The Silicon Photonic
Silicon Photonics is an emerging technology that combines optical and semiconductor technologies, utilizing optical signals instead of electrical signals to achieve high-performance, low-power data transmission. Its applications span co-packaged optics (CPO), IT and telecommunications, data centers, sensors, AR/VR, and biotech and medical fields, positioning it as a potential key driver for AI, ultra-fast networking, and quantum computing. TSMC and ASE have also led the formation of the "Silicon Photonics Alliance," bringing together major players in optical communication and packaging industries to further promote technological development and enhance Taiwan's semiconductor industry competitiveness.
