CTC preps global equities mandates

The Taiwan insurer may hire external fund managers by the end of the year.

The NT$88 billion $2.9 billion life insurance department of Central Trust of China is considering outsourcing some assets to external fund managers to get exposure to international equities, says president Alex Wang Jiunn-chih.

CTC, which is wholly owned by Taiwan's finance ministry, has just received approval to raise its quota of international assets from 22% to 30% and is likely to add foreign equities to its portfolio.

Although currently 19.76%...

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