FLTW has a high exposure to technology stocks. These technology stocks benefit from many technological megatrends such as AI, cloud computing, AR/VRs, Internet of Things, etc. The fund is trading at an expensive valuation relative to its historical valuation range.
A tech acceleration is propelling Taiwanese stocks higher. Recent data points indicate this rally still has legs. Ultra-low-cost FLTW is an interesting option to play Taiwan here.