Asia Asset Management
Date: 09 April 2018
By: Asia Asset Management

Taiwan’s Bureau of Labor Funds (BLF), supervisor of the island state’s government pension funds, has appointed seven asset managers for its NT$42 billion (US$1.43 billion) domestic environmental, social, governance (ESG) equity mandate, Asia Asset Management (AAM) has learnt.

They are Cathay Securities Investment Trust Co, Capital Investment Trust Corp, Fuh Hwa Securities Investment Trust Co, Taishin Securities Investment Trust Co, Allianz Global Investors Taiwan, President Securities Investment Trust Co, and Prudential Securities Investment Trust Co.

Each manager will receive NT$6 billion in funding.

A BLF spokeswoman declined to comment on the matter, telling AAM that it’s common practice for the pension supervisor not to publicly announce managers appointed for its mandates.

The request for proposals for the mandate was issued in February.    [FULL  STORY]