Taiwan’s BLF plans EM mandate of up to $2bn
The state pension fund’s deputy director general spoke to AsianInvestor about its plans for the equity portfolio, which is likely to be split between five sizeable asset managers.
Taiwan’s Bureau of Labor Funds (BLF) is planning to invite bids for a five-year quasi-passive emerging market equity mandate of up to $2 billion, AsianInvestor can reveal.
The $124 billion pension fund – a keen user of factor-based, or ‘smart beta’, investing – is likely to issue the tender towards the end of the year, and expects to split the enhanced equity portfolio between five asset managers.
“It will for sure be at least $1 billion. Whether it will be as much as $2 billi…
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