Taiwan’s financial regulator has chosen 11 foreign asset managers this year for special privileges under its “deep cultivation” programme.
The scheme rewards foreign fund managers that demonstrate long-term commitment to developing Taiwan’s asset management industry with privileges for one year, such as approval for multiple fund products at one go, and the ability to launch new and innovative funds.
This year, the Financial Supervisory Commission (FSC) determined that AllianceBernstein Investments, Allianz Global Investors, FIL Securities Investment Trust, J.P. Morgan Asset Management and Schroders Investment Management have satisfied five sub-categories across the three major criteria used to determine their commitment to the local industry, They are eligible to choose two privileges each.
Amundi, BlackRock, Franklin Templeton, Goldman Sachs, Invesco and Nomura Asset Management satisfied four sub-categories and are eligible for one privilege each.
The FSC announced the names of the firms in a statement on September 30.
Last year, the regulator only picked five firms, all of whom – BlackRock, FIL, Franklin Templeton, Goldman Sachs and J.P. Morgan – are also on the 2025 list.
The three major criteria used to evaluate firms are local employee training, promoting foreign capital into Taiwan, and supporting growth of the local asset management industry.
The FSC says it will continue to encourage foreign asset managers to apply for the scheme to help make Taiwan’s asset management industry more competitive.
Applications are typically opened around September-October.
