Taiwan Archives - Page 3 of 11 - Fund Selector Asia

Taiwan bank builds wealthtec platform

It is partnering with a technology provider.

Both inflows and AUM of the asset class have grown exponentially, according to a Cerulli Associates report.

The net withdrawal of TWD52.2bn ($1.88bn) was mainly fuelled by money market and fixed income funds, according to Morningstar Direct data.

Funds domiciled in Taiwan received a net inflow of NT$236.7bn ($84.5m) in the first half of 2021, Morningstar Direct data shows.

Thornburg Investment Management has signed a master agent agreement with Concord Capital Management to sell offshore funds in Taiwan.

Reduced management fees and increased trailer fees have prompted the regulator to review the rules on managers’ business operations.

The US firm is now targeting Hong Kong investors, just after it started offering its products in Taiwan.

Eastspring hires Nomura AM’s Taiwan CEO, while Nomura AM nets ASI’s Taiwan head.

UBS Asset Management, meanwhile, did not apply for this year’s Deep Cultivation Plan.

So far, it is the only SFC-authorised fund that the firm is managing in the SAR.