Taiwan’s fund houses saw a significant increase in management fees from exchange-traded funds (ETFs), earning TWD9.1bn (USD281.1m) in 2023, a 28% rise from the previous year. The surge was fueled by a booming local ETF market that pushed revenues to record levels. ETF management fees constituted 32% of the total revenue for the 16 onshore ETF issuers and 40% of their overall management fees, according to Keystone Intelligence. Yuanta Funds led the market, generating TWD3.29bn in ETF management income, up 27.7% from 2022. The company managed TWD1.44tr in assets by year-end, with 85% derived from its 37 ETFs. Cathay Securities Investment Trust and Fubon Investment Trust followed, with substantial gains in ETF management fee income, demonstrating the growing importance of ETFs in Taiwan’s investment landscape.