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Taiwan pension funds supervised by the Bureau of Labor Funds (BLF) posted an investment gain of NT$184.9 billion (US$6.65 billion) in the first quarter, translating into a return of 4.12%, as they continued to recover from the year-ago loss when global stocks plunged at the onset of the coronavirus crisis.
Assets of the eight labour pension and annuity funds rose 10.74% to NT$4.74 trillion from NT$4.28 trillion in March 2020, BLF says in a statement on May 4. Assets were up 3.94% from NT$4.56 trillion at the end of December.
The funds incurred an investment loss of NT$471.2 billion in the first quarter of 2020 amid the global market rout. They began to bounce back in July.