Taiwan's popular high-dividend ETF 00919 set a record high for the second day running, good news for the million-plus small investors who hold it.

• The fund touched a new all-time high early in the day before pulling back and closing slightly below its peak.
• Weakness in bank and financial stocks capped the rally and briefly pushed it into the red midday.
• Attention has shifted to next week's third-quarter dividend announcement, which is the main reason people own it.
• Holders are guessing the payout will land somewhere between NT$1 and NT$1.3 per unit, with most happy if it simply matches last quarter.

Outlook: The dividend announcement next week will likely decide whether the rally holds or the price slips back.