Taiwan’s Bureau of Labor Funds appoints five managers

Waiting_for_interviewThe Taiwanese Bureau of Labor Funds (BLF), which oversees the planning and utilisation of various labour funds, has selected five fund managers for its initial multi-factor mandate. The Enhanced Global Emerging Market Dynamic Multi-Factor Equity reportedly totals $1.5 billion and the selection process ended on March 14, 2019, BLF said on its website on March 15, 2019. The five appointees are: Amundi Asset Management, DWS Investments Hong Kong, Nomura Asset Management, Robeco Institutional Asset Management and State Street Global Advisors Asia, with each receiving a reported $300 million. The BLF is one of Asia’s largest public sector funds with a mission to improve fund investment performance. Taiwan is gearing up for presidential elections in 2020 and former premier, William Lai Ching-te, said he will take on his former boss, President Tsai Ing-Wen, to lead the Democratic Progressive Party into the next elections. The party is set to unveil its candidate on 17 April, 2019. ©2019 funds global asia

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