TAIWAN - The TWD515bn ($15bn) Labour Insurance Fund has outsourced its TWD14.8bn ($433m) domestic equity portfolio to six investment managers.
Locally, the fund allocated TWD2.4bn ($72m) to Fubon Securities Investment Trust Company, TWD2.4bn ($72m) to Fuh-hwa Investment Trust Company and TWD2.4bn ($72m) to President Investment Trust Company.
Moving offshore, the Fund placed TWD2.9bn ($87m) with JF Asset Management (Thailand), TWD1.9bn ($58m), with Prudential Securities Investment Trust Company (UK) and TWD2.4bn ($72m) with Prudential Financial Investment Trust (US).
The fund was advised by an investment committee, which was chaired by Fred Huan.
By Janet Du Chenne
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