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Foreign fund firms rush for approvals in Taiwan despite falling demand

Christina Wang
Global asset managers are looking to obtain approvals before stricter rules on raising and selling offshore funds take hold in Taiwan in October. Yet flows into overseas products have declined.
Foreign fund firms rush for approvals in Taiwan despite falling demand

Foreign asset managers have been rushing to submit offshore fund applications in Taiwan ahead of stricter rules due to take effect on October 15, even as demand for overseas products has been shrinking, according to consultancy Keystone Intelligence.

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