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.
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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