TSMC Shares Trail Smaller Peer UMC After High-Dividend ETF Snub
Shares of TSMC, the world's largest contract chipmaker, have dropped 3.7% this year, compared to an 11% gain for UMC, according to data compiled by Bloomberg. UMC's dividend yield of more than 6% has given it substantial exposure to Taiwan's high-dividend ETFs, which collectively manage more than $44 billion in assets, Bloomberg data show.
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