The state pension fund aims to invite bids for the two mandates by the end of the year to raise its alt exposure and replace underperforming managers, AsianInvestor can reveal.
The Taiwan state pension fund is keen to hire five fund managers for the portfolio this year after the coronavirus pandemic delayed its plans.
The island's bond ETF volumes have shot up over the past two years but they are likely to level off as new rules combine with less risk appetite among leading life insurers.
Taiwan’s insurers have ploughed assets into the fixed-income products despite increasing risk charges and stricter investment rules. Cathay Life has been one of the most aggressive.
Armed with a strong capital position, Taiwan’s biggest insurer is analysing investment targets as it looks ahead to prepare for a post-pandemic market recovery.
The second-largest life insurer in Taiwan cuts its allocation to China bonds and raises its exposure to North America.