Taiwan’s LPF New Scheme sees solid YoY gain
05 October 2012
News, Asia, Taiwan
Taiwan’s Labour Pension Fund Supervisory Committee (LPFSC) announced on Thursday (October 4) that total AUM for the Labour Pension Fund’s New Scheme was up 20.92% year-on-year to NT$840 billion (US$28 billion), as of the end of August.
The scheme’s delegated overseas asset managers delivered returns of 25.36% year-on-year, while its delegated domestic asset managers suffered losses of 0.22%. The overseas managers and domestic managers oversaw 28% and 24% total assets of the new scheme, respectively.
Meanwhile, the pension fund’s Old Scheme reported an increase of 3.62% year-on-year in total AUM to NT$575 billion as of August 31. Of these, the assets managed by delegated overseas asset managers was up 9.91% year-on-year to NT$90.45 billion. The assets overseen by domestic asset managers shed 12.24% year-on-year to NT$120.49 billion.
LPF’s new and old schemes have combined AUM of NT$1.41 trillion.
LPFSC remarked that LPF will consider risk and investment returns to a greater extent when it comes to repositioning its asset allocations given the uncertain economic conditions in the US and Europe. The pension fund is looking to diversify its mandates in order to take advantages of market opportunities.
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