BLF s funds post NT$327 3 billion investment income | Asia Asset Management asiaasset.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaasset.com Daily Mail and Mail on Sunday newspapers.
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.
Taiwan regulator fines three firms in BLF scandal | Asia Asset Management asiaasset.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaasset.com Daily Mail and Mail on Sunday newspapers.
FSC fines three firms NT$4.5 million each for alleged stock manipulation
By Kao Shih-ching / Staff reporter
The Financial Supervisory Commission (FSC) yesterday fined three asset management firms NT$4.5 million (US$159,909) each for last year buying shares in a company at the direction of a Ministry of Labor official while conducting discretionary trading for the nation’s labor funds.
Fuh Hwa Securities Investment Trust Co (復華投信), Capital Investment Trust Corp (群益投信) and Uni-President Assets Management Corp (統一投信) accepted requests from Yu Nai-wen (游迺文), former head of the Domestic Investment Division of the Bureau of Labor Funds, to purchase Far Eastern Department Store Ltd (遠東百貨) shares, the commission said.