Foreigners target International Investment Trust in Taiwan

The fund manager has boosted its distribution, making it an attractive acquisition.

Foreign fund managers circling Taiwan looking for potential acquisitions or joint ventures say the most appealing target at present is International Investment Trust ITT, Taiwan's original domestic fund house. It was established 16 years ago as a joint venture including foreign and domestic partners. It runs the New York-listed Republic of China Fund, which was the first vehicle foreigners could use to invest in Taiwanese securities.

It has always been considered one of Taiwan's top four domestic houses,...

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