Taiwan’s BLF turns conservative on overseas mandate after record half-year losses
In the face of turmoil in both overseas and domestic markets, it would be a safer bet for the $195 billion Taiwan pension system to turn cautious about outsourced overseas assets.
The Bureau of Labor Funds (BLF), Taiwan’s largest pension body overseeing eight pension funds, is showing signs of conservativeness on new global mandates while reporting record half-year losses of 8.66% since its establishment in 2014.
Rocked by the slump in both global and domestic equities and bonds, BLF lost NT$482.6 billion ($16.1 billion) in the first six months of 2022. Its assets under management (AUM) stood at NT$5.84 trillion ($195 billion) as of end June.
The 8.66% lo…
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