Taiwan regulators brake bond fund frenzy

Some players fear firms are boosting assets under management to lure acquirers regardless of risk.

Taiwan's Securities and Futures Commission is quietly discouraging fund managers from launching new bond funds, according to several sources in Taipei. One fund manager believes the SFC is telling firms it will no longer approve applications for new bond funds SFC officials deny that, but acknowledge they are concerned about the explosion of these funds in a market where the supply of high-quality debt is small.

The regulators are said to be concerned that some domestic houses are ramping up...

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