Taiwan’s BLF plans $6bn of new types of mandate
The $111 billion state retirement fund plans to select external asset managers in December to run its first overseas ESG smart-beta equity and absolute-return bond portfolios.
Taiwan’s Bureau of Labor Funds (BLF) will issue $6 billion in new types of mandates next month, continuing its push to diversify its portfolio.
The NT$3.5 trillion ($111 billion) state pension will invite managers to bid to run a $2.4 billion portfolio for its first global environmental, social and governance (ESG) smart-beta passive equity allocation and $3.6 billion of overseas absolute-return bond strategies. This will be the first time BLF has issued mandates for these ty…
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