How Taiwan’s largest pension revamps its bond strategy amid rising rates
In an exclusive interview, the head of Taiwan’s Bureau of Labor Funds revealed how the pension turned more aggressive in bond investments to adapt its $201 billion portfolio to higher rates.
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Taiwan’s Bureau of Labor Funds (BLF) has made substantial changes to its bond investments over the past year, both in internal operations as well as strategic exposures, amid a rising-rate environment.
In particular, the pension fund consolidated its different bond investment teams into one unit, and turned more aggressive in overseas bond investments, and not just for the short term. It plans to diversify its exposure and enhance performance in the long run.
Before 2022, BLF's …
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