Yuanta Funds, the largest Exchange Traded Funds (ETF) provider in Taiwan has joined the race to advise the finance ministry on floating an ETF based on public sector stocks. Yuanta will be making technical presentations later this week along with other contenders such as Citibank, SBI Capital Markets and ICICI Securities.
The finance ministry is looking to try out the ETF model as an additional route to divest government holdings in companies. The advisor or a consortium of advisors selected after the technical and financial bidding process will give inputs on the favourable course of action to be followed to float this ETF.
