Asia’s standout asset owners: Korea, SE Asia, Taiwan
AsianInvestor reveals why we chose Korea Teachers Credit Union, GIC of Singapore and the Bureau of Labor Funds as the top institutions for Korea, Southeast Asia and Taiwan.
Taiwan
BlackRock’s Taiwan wholesale head exits
The world's biggest asset manager will see the executive depart, as its actively managed offshore fund assets shrank this year in Taiwan, even as its local ETF business is thriving.
Taiwan’s PSPF invites bids for NT$30bn equity mandate
The domestic portfolio will be split among six managers and issued early next year now that valuations are below their historical averages. Timings will be dictated by global conditions.
Fubon Life hints at domestic investment shift
Unlike bigger peer Cathay Life, Fubon Life said it might look at investment opportunities in the domestic market as hedging costs rise along with US interest rates.
BLF invites bids for $1.5bn EM equity mandate
The Taiwanese state pension fund has issued a request for proposal for an overseas equity portfolio that will employ factor strategies.
Prudential raids FWD for Taiwan CIO
The British insurer’s Asian arm has hired from a rival as it continues to install local chief investment officers across the region, in an ongoing reorganisation and buildout.
Cathay Life eyes more overseas investments
For now, investing more at home seems less of a priority for Taiwan's largest life insurer, despite the regulator's efforts to encourage lifers to support the country's strategic objectives.
Taiwan insurers may get adjustable equity risk measures
According to a mechanism being considered by the financial regulator, these charges could be adjusted so that they fall in a bear market and rise in a bull market, providing more stability.
BLF invites bids for $1.4bn absolute-return portfolio
The state pension fund is inviting fund houses to bid for a broadly-defined domestic mandate that is targeting an initial investment return of just under 6%.
Cathay Life calls for lower equity risk charges
The Taiwanese insurer is among those pushing for a reduction in the capital charge for certain types of local stocks, despite concerns about the potential risks in some quarters.
Taiwan lifers’ foreign assets set to plateau under new rules
New rules on recognising Formosa bonds as part of Taiwanese insurers' overseas assets are expected to impact their offshore investment strategies.
Cathay Life lifts overseas exposure, bumps up yield
The Taiwanese life insurer raised its exposure to global bonds and equities, while maintaining low forex hedging costs -- a strategy that yielded higher portfolio returns from a year ago.
Taiwan quasi SWF puts state priorities before profits
The $18 billion National Development Fund is eyeing innovative start-ups, but it is more focused on supporting the firms than ensuring returns or practicing responsible investing.
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 lifers facing possible Formosa bond cap
By including Formosa bonds as overseas investments, the island's financial regulator could put limits on life insurer buying in order to encourage more investment at home.
Taiwan lifers seen shifting sights to local market
That should please the local regulator, although more could be done to encourage Taiwanese insurers to invest more at home.
BLF seeks youthful appreciation with ESG embrace
The Bureau of Labor Funds is focused on adding environmental, social and governance factors into its overall portfolio to cater to a rising interest in these areas by younger people.
How BLF's leader is changing its investing identity
A year into his role as director general of the Bureau of Labor Funds, Tsay Feng-ching discusses how he is installing his philosophy to guide the pension fund's investing.
PineBridge leads in Taiwan with preferred securities fund
The fund’s AUM has reached $1 billion and offers the features and characteristics of both stocks and bonds.
Pimco seeking licence, staff for new Taiwan operation
The US asset manager aims to open an office as a master agent in Taiwan this year so it can distribute its own funds onshore, said Asia ex-Japan head Michael Thompson.
