Taiwan’s LPF announces solid YoY gains
30 August 2012
News, Asia, Taiwan
Taiwan’s Labor Pension Fund (LPF) announced on Wednesday (August 28) that its new scheme reported total AUM of NT$862.8 billion (US$28.76 billion) as of the end of July, a solid gain from the NT$735.38 billion a year earlier.
Around 28.5% of the total assets were allocated to overseas fund managers. The managers delivered a return of 25.9% year-on-year, taking the total to NT$235.4 billion. The delegated domestic managers, which oversee 24.5% of the pension fund’s assets, reported an investment return of 8.58%, taking the total to NT$202.4 billion. The rest of the fund’s assets are managed inhouse.
Meanwhile, total AUM for LPF’s old scheme was up 3.13% year-on-year to NT$573.03 billion, as at July 31. Its domestic fund managers succumbed to a loss of 14.28% to NT$119.7 billion, while assets managed by foreign managers rose 18.88% to NT$90.32 billion. As at the end of July, the old scheme had outsourced 20.89% and 15.76% of its assets to domestic managers and foreign managers, respectively.
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