The country's second-largest life insurer plans a higher allocation to domestic equities and real estate assets. It also intends to focus its attention on US debt.
New rules on recognising Formosa bonds as part of Taiwanese insurers' overseas assets are expected to impact their offshore investment strategies.
Henry Lin, president of Fubon Asset Management and Sitca chairman, expects some 20 ETFs and up to 30 multi-asset funds to be launched in Taiwan this year, including several by his firm.
Taiwan fund houses Yuanta and Fubon are ready to launch inverse and leveraged ETFs tracking Japan and the US equity indexes, in a bid to capture growth of the island’s ETF market.
Taiwan fund house Yuanta SITC is set to launch the ETFs, which track China’s CSI300 index, on the island in May. But concerns have been raised over the risky products' availability to retail investors.
Optimism has greeted the arrival of two landmark products from Yuanta, with firms such as Fubon set to follow suit, while Hong Kong is seen as some way from approving such ETFs.
Taiwan is seeking to build its status as a renminbi investment hub, such as by launching dual-currency trading counters and considering relaxing rules such as the RMB conversion cap.
Having won a master agent licence in Taiwan, Pioneer Investments has since last week been able to sell funds directly to distributors.
Fubon Asset Management is poised to capture opportunities offered by the opening up of China's interbank bond market and further QFII and RQFII liberalisations.
The securities-brokerage arm of Taiwan's Fubon Financial Group is setting up an asset-management joint venture with China's Founder Securities.
The Dutch asset manager gets the go-ahead for its sustainable private equity fund JV in China and looks set to gain master agent approval for fund distribution in Taiwan. That's not to mention pending deals in Hong Kong and Southeast Asia.
Investment returns for Cathay, Fubon and Shin Kong drop by an average of 32.4% as the insurers disclose their latest investment portfolio allocations.