This week in asset owner history: BLF to increase foreign equities

Taiwan’s Bureau of Labor Funds (BLF) has been increasing its share of overseas investments in the past few years. However, the turbulence in global public markets over the past 12 months has encouraged the fund to adopt a more conservative approach. The government entity manages eight pension funds, including six labour funds. Tsay Feng-Ching, former BLF In 2018, then-head of BLF, Tsay Feng-Ching said the government entity was looking to increase its exposure to…