Taiwan’s PSPF invites bids for NT$30bn equity mandate
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.
Taiwan's Public Service Pension Fund (PSPF) is inviting fund managers to bid for a five-year domestic equity mandate of up to NT$30 billion ($979 million), while carefully monitoring broader economic developments that might impact the domestic market.
The NT$561.1 billion state pension fund, which serves the retirement needs of civil servants, teachers and military personnel, announced the invitation last Friday. Fund managers can submit their pitches on or before December 17.
T…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.