Taiwan’s BLF to boost foreign exposure to 50%
The $88 billion Bureau of Labor Funds will increase its offshore allocation, largely by putting more into alternatives and equities, with a view to achieving a 4% return this year.
![Taiwan’s BLF to boost foreign exposure to 50%](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2FHuang%2C%20Chao-Hsi%20BLF%20copy.jpg&c=1&h=677&q=100&v=20244701&w=1204)
The Bureau of Labor Funds (BLF), which oversees Taiwan's public pension assets, will raise its overseas allocation this year to 50% from 42% as of the end of November. The move reflects the growing trend among Asian institutions towards greater international diversification of portfolios.
This year BLF, with $88 billion in AUM as of end-November 2015, plans to put 22% of its assets in overseas stocks, 18% in foreign bonds, and 10% in offshore alternative investments. These are est…
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