BNP Paribas Investment Partners this week launched its A Fund European Multi-Asset Income Fund in Taiwan, which is designed to cater for Taiwan’s demand for high yielding, solid retirement planning products.
“European markets provide potential investment opportunities within different asset classes which Taiwan investors have not been previously exposed to,” BNP Paribas IP Taiwan CEO Christine Jih said in a statement on Tuesday.
The fund, which it already distributes in Hong Kong and Singapore, invests in equities, real estate securities, government, investment grade and high-yield corporate bonds, convertibles and cash instruments.
“Local investors are seeking regular dividends and stable fund performance, which is also the major consideration when it comes to retirement planning,” a spokesman said.
The multi-asset strategy “targets both retail and institutional investors, especially those who expect a reasonable return with lower volatility and higher stability and who look for long-term retirement- planning products,” he continued.
Rising geopolitical risks in Europe following the Brexit referendum result in June and the recent travails of Deutsche Bank have not had a negative effect on the fund’s size. In fact, buyers stepped in during July and August, taking advantage of depressed share prices.
BNP Paribas IP currently sells 44 of its offshore funds in Taiwan.
