Overseas managers gaining traction with Taiwan onshore funds
Foreign fund houses' efforts to develop truly local businesses are starting to pay off; nine of the top 20 onshore products in Taiwan by net new flows this year were run by overseas firms.
Taiwan has proved fertile ground for foreign asset managers' offshore funds, but it has been challenging for them to build share in onshore products in this competitive NT$2.2 trillion ($70 billion) market. But those that have made major, long-standing commitments are finding they are paying off, according to a new report.
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