As the Public Service Pension Fund (PSPF) starts designing its defined contribution scheme, all eyes are on whether more reforms will flow through Taiwan’s public pension fund industry, especially after the new administration takes office.
Taiwan's largest pension fund is seeking bids for the first domestic equity mandate of the year worth over $2 billion, with a clear emphasis on sustainability in potential investments.
Taiwan's Bureau of Labor Funds has implemented staff rotations, built an ESG team and tightened contractual terms as part of an overhaul of internal operations under a new leadership.
In an exclusive interview, the head of Taiwan’s Bureau of Labor Funds revealed how the pension turned more aggressive in bond investments to adapt its $201 billion portfolio to higher rates.
Taiwan's Bureau of Labor Funds is taking on more risk through its passive equity mandate as it banks on a rally in global equity markets.
The Bureau of Labor Funds should be more conservative in issuing mandates in the first half of 2023, as rate hikes continue to pressure the global market, market advisors said.
Taiwan’s largest pension manager opened a bid for its first overseas ESG mandate back in late 2016, in order to diversify investment risk and create stable long-term returns. The strategy is now being tested during the market downturn.
Hong Kong officials plan roadshow to woo wealthy families in the Middle East and Europe to set up investment offices in the city; Japan's GPIF has hired its second overseas real estate manager; Singapore's GIC extends investments in Australian logistics; and more.
The first batch of pension providers, including China Life, will join Hong Kong’s MPF’s new electronic platform next year; Ontario Teachers' Pension acquires majority stake in private hospital chain in India; head of Korea's sovereign wealth fund's investment strategy and innovation division is named its new chief investment officer; and more.
Taiwan's largest pension is taking a conservative approach in the current Covid climate, announcing fewer new mandates and potentially delaying renewals to maturing ones.
The state pension fund particularly wants to raise its overall foreign investments but will slow its appointment of external managers following last year’s bribery scandal.
The Taiwanese pension manager's investment return rate has dwindled this year, so it is calling for AI-driven asset managers to help it expand its overseas assets exposure.