CTC preps global equities mandates
The Taiwan insurer may hire external fund managers by the end of the year.
The NT$88 billion ($2.9 billion) life insurance department of Central Trust of China is considering outsourcing some assets to external fund managers to get exposure to international equities, says president Alex Wang Jiunn-chih.
CTC, which is wholly owned by Taiwan's finance ministry, has just received approval to raise its quota of international assets from 22% to 30% and is likely to add foreign equities to its portfolio.
Although currently 19.76% of its assets are already in…
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.