Taiwan ponders guaranteed funds

Fund managers in Taiwan are drafting ideas for regulators to win permission to introduce guaranteed funds.

The numbers are mouth-watering. During the first eight months of 2001, guaranteed fund products have been responsible for $236 million of $253 million net sales of mutual funds in Hong Kong. Fund managers in Taiwan want a piece of the action, but regulations stand in the way.

Now a taskforce of the Securities Investment Trust Companies Association Sitca, an industry group in Taipei, is preparing proposals for Taiwan's Securities and Futures Commission SFC to clear away the legal obstacles....

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