Taiwan’s BLI to issue NT$20 billion mandate

Taiwan's Bureau of Labor Insurance has invited fund managers to bid for five domestic investment mandates for its National Pension Insurance Fund (NPIF), for a total of NT$20 billion ($670 million). Each firm will manage a NT$4 billion portfolio. Eligible securities include equities traded both on the TWSE and over-the-counter, corporate bonds, government bonds, convertible bonds, exchange-traded funds and index futures. Idle cash can be allocated to short-term paper, government b…