Taiwan’s pension and annuity funds overseen by the Bureau of Labour Funds (BLF) earned NT$1.54 trillion (US$49 billion) of investment income and an average return of 14.04% in the first 11 months of 2025, down from 16.45% in the same period of 2024.
The Labour Retirement Fund, Taiwan’s largest defined-benefit scheme, was the best performer with a return of 20.07%.
The second best was the Labour Pension Fund, the largest defined-contribution scheme, with a return of 13.7%.
“Concerns over overly optimistic valuations of US artificial intelligence-related stocks continued to suppress market sentiment and dragged down major stock indices in November,” the BLF says in a statement on January 2.
“However, Taiwan’s economic fundamentals remained stable with export momentum holding steady. Labour funds maintained a steady pace, focusing on pursuing long-term investment returns.”
Assets of the eight funds were NT$8.41 trillion as of end-November, up 10.6% from NT$7.6 trillion a year earlier.
