Taiwan's BLF set to gain $5bn in January after record 2022 loss
The Bureau of Labor Funds should be more conservative in issuing mandates in the first half of 2023, as rate hikes continue to pressure the global market, market advisors said.
Taiwan’s Bureau of Labor Funds (BLF) expects investment performance in 2023 to stabilise, following a record investment loss of $12.7 billion in 2022, as it foresees unprecedented rate hikes coming to an end.
“Although the global economy is set to slow down, company earnings are depressed, and geopolitical uncertainties remain, the interest rate hikes are coming to an end, and global economic growth is expected to stabilise,” said Liu Li-ju, deputy director general of BLF.
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