FTSE wins $3.3 billion in Taiwan pension mandates
The Public Services Pension Fund picks the FTSE All-World Index as benchmark, while the Labour Pension Fund chooses two FTSE indices as they both look to diversify.
FTSE Group revealed yesterday it has won three new mandates totalling $3.3 billion from two of Taiwan’s largest pension funds, as they move to diversify their service providers and portfolios.
The index and data provider announced that the Public Services Pension Fund (PSPF) had picked the FTSE All-World Index for the first time as benchmark for its $600 million global developed-equities mandate.
Asked why it has chosen FTSE, a source within PSPF tells AsianInvestor: “We have be…
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