TSMC (TSM.US) stock continues to underperform its rival UMC, is the high dividend ETF"s cold shoulder the main reason?

According to the Securities Times APP, due to the fact that the world's largest wafer foundry, Taiwan Semiconductor (TSM.US), has been "shut out" by several leading high dividend exchange traded funds (ETFs) in Taiwan, its stock price performance has continued to lag behind its competitor, United Microelectronics. Bloomberg data shows that Taiwan Semiconductor's stock price has fallen by 3.7% this year, while United Microelectronics has seen an increase of 11% during the same period. United Microelectronics' dividend yield of over 6% has made it a top holding in high dividend ETFs in Taiwan with total assets exceeding $44 billion.