Taiwan braces for ETF race

TaiwanÆs first exchange-traded fund, launched in 2003 by Polaris International Investment Trust, turned out to be a big hit. Now Polaris and rival, Fubon Investment Trust, are about to launch the next two ETFs, and their backers are hoping for an equally impressive run.The 2003 Polaris Taiwan Top 50 Tracker Fund (TTT) now has about $1 billion of assets under management and has enjoyed steady asset accumulation even as the Taiwan stock market has flat-lined, says Patrick Wong, vice cha…