Taiwan pension and annuity funds overseen by the Bureau of Labor Funds (BLF) incurred an investment loss of NT$94.7 billion (US$3.16 billion) or 1.27% in the first half of the year as global markets were rocked by challenges, including US tariffs.
But a rebound in global stock markets helped lift the eight BLF funds in June with an investment income of NT$208.3 billion for the month.
“Since the beginning of this year, the global financial markets have faced challenges such as uncertainties in US tariff policies. The financial markets and exchange rates have experienced intense fluctuations, leading to short-term losses in foreign investment holdings,” the BLF says in a statement on August 1.
Nevertheless, “future investment gains are still expected to gradually recover as the [global]economy improves”, according to the pension supervisor, pointing to the funds’ recovery in June, adding that it will maintain a “prudent” investment approach.
The eight BLF funds had NT$7.67 trillion of total assets at the end of June, up 4.2% from NT$7.36 trillion a year ago.
