Taiwan pensions catch Covid caution amid a choppy equity market

Covid-19 is cutting into fresh investment mandates in Taiwan, where pension funds are becoming more prudent in offering external fund manager renewals amid a highly valued equity market. The growing caution comes as a total of $10.9 billion worth of mandates, involving 11 contracts, expire in the second quarter of this year, according to Taiwan-based Keystone Intelligence. Liu Li-ju, deputy director general of the Bureau of Labor Funds (BLF), told AsianInvestor the pension fund …