Taiwan's Bureau of Labor Funds lowers dollar exposure
Updated
Updated · Bloomberg · May 6
Taiwan's Bureau of Labor Funds lowers dollar exposure
7 articles · Updated · Bloomberg · May 6
The NT$9 trillion ($286 billion) fund cut dollar-denominated equity and fixed-income holdings in externally managed mandates, Foreign Investment Division director Astraea Lin said.
Lin gave no figures for the reduction, saying the move came as market volatility rose and investors globally reassessed dollar assets.
The Bureau of Labor Funds is Taiwan's largest pension manager, overseeing retirement and insurance assets, so the shift signals caution toward US currency exposure.
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