BLF global equities mandate adds to overseas focus
The $200 billion pension fund is balancing exposure to the surging Taiwan stock market with further steps towards ESG integration.
The announcement by Taiwan’s Bureau of Labor Funds (BLF) of a tender for a $2.3 billion global climate change equities mandate that tracks benchmarks related to the Paris climate accord is another step to fulfilling its offshore assets allocation target and focus on equities.
A statement from the fund on December 24 said it was requesting a proposal for its Global Climate Change Equity mandate, scheduled to be issued in the first quarter of 2022, with selection procedures planne…
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