Overseas managers gaining traction with Taiwan onshore funds

Taiwan has proved fertile ground for foreign asset managers' offshore funds, but it has been challenging for them to build share in onshore products in this competitive NT$2.2 trillion ($70 billion) market. But those that have made major, long-standing commitments are finding they are paying off, according to a new report. This year, as of end July, nine out of the top 20 onshore funds in Taiwan in terms of net new flows (NNF) were run by foreign asset managers, according to resea…