Taiwan's largest insurance group defends the industry's high overseas investments as calls grow for insurers to shift their money home.
Despite current political tensions, a new report suggests there is a much more cooperative relationship between Taiwan and the Chinese mainland from a business perspective.
Other insurers in Taiwan will most likely follow suit after the recent investment limit on Formosa bonds.
Taiwan will soon have its first ESG ETF and pension funds could be the likeliest target market.
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.
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.