-
20180410/R/B2218-01A-003/B40
(
)
15 24
N
()
-
1 20180410/R/B2218-01A-003/B40
(www.fsitc.com.tw)
(http://mops.twse.com.tw)
107 5
-
2 20180410/R/B2218-01A-003/B40
www.fsitc.com.tw 1047767
(02)2504-1000 (02)2509-4292 3004235 (03)525-5380 4034214411
(04)2229-2189 80661621 (07)332-3131 (02)2504-1000
[email protected]
(02)2348-3456 168 www.ctbcbank.com.tw
ROBO Global,LLC 300 Crescent Court,Suite 840, Dallas,TX
75201,United States
of America (214) 272-2711 www.roboglobal.com
State Street Bank and Trust Company 19F,Taipei Metro Tower,Tun
Hwa S.Rd.,Sec.2,Taipei,Taiwan, 8862735-1200
http://www.statestreet.com
: (02)2504-1000 1047767 www.fsitc.com.tw
11049768 www.kpmg.com.tw (02)8101-6666
(www.fsitc.com.tw) (http://mops.twse.com.tw)
-
3 20180410/R/B2218-01A-003/B40
0800-005-908(02)2581-7288 0800-789-885
-
4 20180410/R/B2218-01A-003/B40
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5 20180410/R/B2218-01A-003/B40
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6 20180410/R/B2218-01A-003/B40
()
()
()
()
1.1:1
2.1:XX()
()
(Bloomberg)
()
()
-
7 20180410/R/B2218-01A-003/B40
() 105 5 30
()
(
)
()
()
( ETF ETF ETF)()
()
1.(
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(Participatory)( ETF
ETF ETF)
2.(
)
3.
4.
()
-
8 20180410/R/B2218-01A-003/B40
1.
()
()
()
IC
2.
(1)
(2) A. ()
()
B.()
()
3.
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() 1. (top down)(bottom up) (1) (Top-Down Process) (2)
(Bottom-up Process) A.2
20(universe)
B.( ) C. 2. 3.ROBO(ROBO Global Robotics and Automation
Index)
-
9 20180410/R/B2218-01A-003/B40
:
ROBO Global Robotics and Automation Index ROBO Global LLC
(ROBO Global LLC )
ROBO 2013 3000
50 80
60%
/
2003 12
300% ()
1.
(IDC)
2.:
RR4(
RR1RR2RR3RR4RR5)
(
)
105 5 24
()
()
1.
2.
N N
-
10 20180410/R/B2218-01A-003/B40
3.
(1) 10.0000
(A)
(2) 10.5000
10.6500
(3)
10.6500/10.5000-1=1.428571428% (B)
(4)=
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()
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1.( N)
2.( N)
(1) 1()3%
(2) 1()~2()2%
(3) 2()~3()1%
(4) 3()0%
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N
-
11 20180410/R/B2218-01A-003/B40
N
()
()
()
1.
2.
()
3.
()
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
-
12 20180410/R/B2218-01A-003/B40
()
()
()()
()
N
()N 17 1 3
5 4
()
()
105 9 1 10,000 10.59 6
9 7 11
11 10,000110,000
110,0000.000111
110,00011109,989
-
13 20180410/R/B2218-01A-003/B40
()
1 7 10 ()
(2.0)
(
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105 5 3
1050009117
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105 5 30
105 7 5
-
14 20180410/R/B2218-01A-003/B40
()
()
1. (
)
2.
3.
4.
()()
98/10~100/03
100/04~102/06
102/06~104/06
104/07~
()
1.
2.
(1)
(2)
-
15 20180410/R/B2218-01A-003/B40
()
105 5 30~
ROBO Global LLC
(ROBO Global Robotics and
Automation Index) ROBO Global Robotics and Automation
Index ETF ( ROBO ETF)(NASDAQ Exchange)(London Stock
Exchange)
1.
ROBO ETF
2. ROBO ETF 15 13
80
5 ROBO
()
1.
2. 3. 4.
5.
6. 7.
8.()
9.()() ()
-
16 20180410/R/B2218-01A-003/B40
() (Netting)
10.
11.
(1) Standard & Poors Corp. BBB ()
(2) Moodys Investors Service Baa2 ()
(3) Fitch Ratings Ltd. BBB ()
(4) twBBB ()
(5)
BBB (twn)()
12.
13.
14.
15.
16.
ETF ETF ETF
17.()
18.
19.
20.
21.
22.
23.
24.
-
17 20180410/R/B2218-01A-003/B40
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
()() 5. 9 13 18
()() 8. 13 15 19 22 26 28 32
()()
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-
18 20180410/R/B2218-01A-003/B40
()
1.
() 105 05 18
1050015817
2.
3.
4.
(1)
(2)
5.
6.
()
()
1.
2.
()
1.
-
19 20180410/R/B2218-01A-003/B40
(1)
(2)
(3)
2.
()
()
( Mortgage Backed
Securities MBS Asset Backed Security ABS)
( REAT/
REIT)
(Mortgage Backed Securities
MBS)(Asset Backed Security ABS)ABS
MBS
MBS
GNMAFNMA
FHLMC AAA
MBS
ABS ABS
(Proxy
Basket Hedge) ()
-
20 20180410/R/B2218-01A-003/B40
()
()
()
()
()
() ETF ETF ETF
1. ETF
ETF
-
21 20180410/R/B2218-01A-003/B40
ETF ETF Tracking
Error Risk
2. ETF
ETF
ETF ETF(Tracking
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3. ETF
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(ETF)
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1.
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3.
()
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1.
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-
22 20180410/R/B2218-01A-003/B40
4.
()
1.
2.
()
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() 2014 11 17
105 12 5
()
( QFII)
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105 8 16
2,500 3,000
130 105
QFII
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-
23 20180410/R/B2218-01A-003/B40
(QFII)
QFII
()
()
180 380
(
B
)
60
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A
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A
-
24 20180410/R/B2218-01A-003/B40
1.
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()
(
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FATCA
HIRE Act
Foreign Account Tax Compliance Act,FATCA
2014.7.1 30%
2014.7.1 FDAP()
2017.1.1 FDAP
2017.1.1(passthru payment)
IRS
FATCA
FATCA FATCA
FATCA
/
-
25 20180410/R/B2218-01A-003/B40
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N N
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28 20180410/R/B2218-01A-003/B40
()
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(
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(2.0%)
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29 20180410/R/B2218-01A-003/B40
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30 20180410/R/B2218-01A-003/B40
2. 3.
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31 20180410/R/B2218-01A-003/B40
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()
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-
33 20180410/R/B2218-01A-003/B40
-
34 20180410/R/B2218-01A-003/B40
-
35 20180410/R/B2218-01A-003/B40
()
()
-
36 20180410/R/B2218-01A-003/B40
(%)
(%)
()
(
)
()
(%)
GLOBAL X
ROBOTICS &
ARTIFICI
Global X
Management Co
LLC
CHANG KIM
0.680
0
105,500
24.19 220 1.49 T+3
ROBO GLOBAL
ROBOTICS AND
AUT
Exchange Traded
Concepts LLC
DENISE M
KRISKO
0.950
0
55,900
41.82 305 3.55 T+3
FINANCIAL
SELECT
SECTOR SPDR
SSgA Funds
Management Inc
MICHAEL
FEEHILY
"MIKE"
KARL
SCHNEIDER
0.040
0
1,167,795
27.57
250 1.93 T+2
() ( 105/5/30~107/4/30)
()
9.7
10.5
11.3
12.1
12.9
13.7
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2016/5 2017/1 2017/8 2018/4
()
9.510.311.111.912.713.514.315.115.916.717.5
2016/5 2017/1 2017/8 2018/4
()
10
10.8
11.6
12.4
13.2
14
14.8
15.6
2018/1 2018/2 2018/3 2018/4
N()
-
37 20180410/R/B2218-01A-003/B40
()
( ) ( 105/5/30
)
-
()
1.
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3.105105.5.30()
105.12.31
-
12
12.7
13.4
14.1
14.8
15.5
16.2
16.9
17.6
2018/3 2018/3 2018/3 2018/4 2018/4 2018/4
N()
-
38 20180410/R/B2218-01A-003/B40
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3.105105.5.30() 105.12.31
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-
39 20180410/R/B2218-01A-003/B40
()
1.
2.
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-
40 20180410/R/B2218-01A-003/B40
()
N
N
()
()
()
()
()
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()
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-
41 20180410/R/B2218-01A-003/B40
()
()
()
()
()
()
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42 20180410/R/B2218-01A-003/B40
()
()
()
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()
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-
43 20180410/R/B2218-01A-003/B40
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()
()
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()
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44 20180410/R/B2218-01A-003/B40
()
()
-
45 20180410/R/B2218-01A-003/B40
()
()
()
()
1.
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3.
4.
()
()
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46 20180410/R/B2218-01A-003/B40
()
()
()()
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()
()
()
;
-
47 20180410/R/B2218-01A-003/B40
() (Bloomberg)
(Reuters)/
() IDC(Interactive Data Corporation)
Bloomberg
()
(Bloomberg) (Reuters)
(Bloomberg)
()
1.
(Bloomberg) (Reuters)
2.:
3.
()
(Bloomberg)
(Bloomberg)(Reuters)
-
48 20180410/R/B2218-01A-003/B40
() () ()
()
()
()
()
()
()
()
()
()
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-
49 20180410/R/B2218-01A-003/B40
()
()
()
()
()
()()
()()
()()
()
()
()
()
()
-
50 20180410/R/B2218-01A-003/B40
-
51 20180410/R/B2218-01A-003/B40
75 1 15
() 107 4 30
()
()
() ()
104 10 6,000 60,000 6,000 60,000 -
105 10 6,000 60,000 6,000 60,000 -
106 10 6,000 60,000 6,000 60,000 -
()H303011
1.
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1.
2.
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()
107 4 10 30 ETF 1. 30 ETF 2. 30 ETF 106 9 28 ()
106 3 29
()
105 11 28 FinTech
105 05 30
104 12 15 ()
104 01 30
103 05 29 (
) 102 01 29 ()
-
52 20180410/R/B2218-01A-003/B40
() 104 4 28
()
1. 92 5 16
2. 92 7 31
3. 99429
4. 102 3 4 6
5. 102 4 16 1
6. 105 7 21 1
()
() 107 4 30
1 0 0 0 0 1
60,000,000 0 0 0 0 60,000,000
100% 0 0 0 0 100%
()
() 107 4 30
() 60,000,000 100%
(147)
()(107/4/30)
-
53 20180410/R/B2218-01A-003/B40
()(107/4/30)
3
1. ()
2.
3.
4.
5.
6.
7.
8.
9.
2
1.3
(1)
(2)
(3)
(4)
(5)
2. 5
(1)
-
54 20180410/R/B2218-01A-003/B40
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
3.11
(1)
(2)
(3)
(4)
(5)
(6)
(7)
4.3
(1)
(2)
(3)
(4)
(5)
(6)
5.11
(1)
(2)
(3)
(4)
(5)
(6)
6.13
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
-
55 20180410/R/B2218-01A-003/B40
1
1.7
(1)
(2)
(3)
(4)
(5)
2.8
(1)
(2)
(3)
(4)
(5)
(6)
(7)
3.3
(1)
(2)
(3)
(4)
(5)
4.5
(1)
(2)
(3)
(4)
5.(4)
(1)
(2)
(3)
(4)
6.7
(1)
(2)
2
1.12
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
-
56 20180410/R/B2218-01A-003/B40
(11)
(12)
(13)
2.14
(1)
(2)
(3)
3.14
(1)
(2)
4.4
(1)
(2)
5.(4)
(1)
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6.4
(1)
(2)
7.0
(1)
(2)
3
1.
2.
3.
4.
5.
6.
7.
107 4 30
104/7/23 0 0%
102/8/30 0 0%
105/1/1 0 0%
-
57 20180410/R/B2218-01A-003/B40
105/2/24 0 0%
103/4/24 0 0%
103/12/29 0 0%
() 107/3/1 0 0%
106/2/23 0 0%
106/5/16 0 0%
106/05/23 0 0%
106/10/02 0 0%
105/07/11 0 0%
106/05/23 0 0%
103/05/28 0 0%
107/01/01 0 0%
() 103/04/24 0 0%
106/12/13 0 0%
97/03/10 0 0%
106/11/01 0 0%
-
58 20180410/R/B2218-01A-003/B40
103/08/19 0 0%
() 104/07/01 0 0%
() 104/02/24 0 0%
106/07/01 0 0%
() 105/02/24 0 0%
() 106/12/13 0 0%
103/8/21 0 0%
106/8/23 0 0%
105.7.21( 105.7.21108.7.20) 107 4 30
()
105.7.21 105.7.21
108.7.20
60,000,000 100% 60,000,000 100%
( )
105.7.21 105.7.21
108.7.20
105.7.21 105.7.21
108.7.20
105.7.21 105.7.21
108.7.20
-
59 20180410/R/B2218-01A-003/B40
106.2.23 106.2.23
108.7.20
106.11.8 106.11.8
108.7.20
107 4 30
Nature's Care Biotech Co.,
Ltd.
1.
2.
3.
-
60 20180410/R/B2218-01A-003/B40
107 4 30
830412 177.6180 31,927,463,420 179,753,121.94
860307 15.2296 41,327,816,844 2,713,657,181.90
860723 9.87 433,404,026 43,922,972.10
870813 38.2 655,206,626 17,152,173.80
880719 33.19 838,474,534 25,263,138.90
890630 20.75 497,334,640 23,967,598.00
920113 26.82 309,681,990 11,547,797.70
930305 24.99 241,602,491 9,669,824.20
960629 8.0435 129,292,551 16,074,133.30
()-
960629 5.7712 43,263,424 7,496,437.90
970905 22.59 644,835,126 28,548,319.90
()
980521 14.643 1,800,542,805 122,963,110.10
()-
980521 8.9313 3,307,681,231 370,348,160.10
()
980521 9.9772 74,685,340 252,849.10
()-
980521 8.1118 39,285,580 163,588.70
()
980521 11.0318 10,657,610 205,858.00
()-
980521 9.8316 22,300,995 483,341.50
981022 10.63 2,508,387,297 235,955,412.30
- 981022 13.85 315,927,906 4,865,476.40
990318 13.99 413,795,583 29,568,405.00
991021 23.85 1,315,963,911 55,165,851.10
1030529 10.0789 80,510,832 7,988,017.80
() -
1030529 8.6437 105,408,961 12,194,826.10
- 1040130 10.1525 460,300,652 45,338,455.10
- 1040130 11.0821 240,701,565 4,634,921.90
()
1041215 9.5378 362,128,444 37,967,797.90
-
61 20180410/R/B2218-01A-003/B40
()-
1041215 8.6243 104,427,203 12,108,553.80
()-
1041215 10.5315 36,175,000 731,937.00
()
1041215 9.6142 22,798,330 505,296.10
-
1050530 13.12 5,574,083,234 424,806,759.00
-
1050530 14.4869 4,613,544,345 10,757,065.50
FinTech-
1051128 12.46 1,300,752,417 104,425,003.60
FinTech- 1051128 13.5127 510,390,022 1,275,839.60
-()
1060329 9.7904 586,030,769 59,857,672.50
-()
1060329
9.4642 156,566,028 16,542,939.10
-()
1060329 10.3221 142,734,114 467,084.90
-()
1060329
9.9824 96,780,507 327,481.90
-()-N
1060329 9.8006 2,919,843 297,923.50
-()-N
1060329 9.4879 459,884 48,470.40
-()-N
1060329
9.9833 6,812,559 23,050.00
-()
1060928 9.39 1,473,313,410 156,913,632.80
-()
1060928 9.2 564,100,558 61,333,837.40
-()
1060928 9.6076 904,779,937 3,180,981.60
-()
1060928 9.4112 536,816,611 1,926,699.40
-()-N
1060928 9.39 51,406,509 5,474,146.80
-
62 20180410/R/B2218-01A-003/B40
-()-N
1060928 9.2 114,734,060 12,472,861.80
-()-N
1060928 9.6088 41,138,138 144,613.30
-() -N
1060928 9.4123 100,762,482 361,607.60
- 981022 9.4079 7,680,675 27,547.90
-N 981022 10.63 2,972,420 279,653.60
() -N-
980521 9.4081 1,102,674 3,954.80
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980521 11.0326 9,972,761 192,615.10
-N
1050530 13.15 14,501,765 1,103,054.60
-N-
1050530 14.5048 1,838,925 4,282.40
FinTech-N
1051128 12.46 1,009,414 81,007.80
FinTech-N -
1051128 13.5132 8,627,807 21,566.30
30 ETF 1070410 19.27 567,120,764 29,423,000.00
30ETF
1070410 20.25 164,003,266 8,098,000.00
106 113
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63 20180410/R/B2218-01A-003/B40
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2424 2307 17786 19573 158 NA 0.5 NA
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115 20180410/R/B2218-01A-003/B40
