Taiwan’s PSPF splits domestic equity mandate between six FMCs
24 September 2012
News, Asia, Taiwan
By Hui Ching-hoo
Taiwan’s Public Service Pension Fund (PSPF) announced on Tuesday (September 18) that it had granted funding for its domestic equity mandate (absolute return) to six fund managers: HSBC Global Asset Management (Taiwan), Yuanta, Cathay, Fubon, Uni-President, and Allianz Global Investors.
PSPF named the fund managers in May. The total size of the mandate amounts to NT$24 billion (US$800 million) and the duration of the appointments is four years. The pension fund announced it had dished out $6 billion on June 5 and a further $12 billion on July 25. Approval for the remaining funding is dependent on economic conditions.
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