Labor Pension Fund Outsourced Investment of NT$55 Billion, 5 Asset Management Companies Selected

(Central News Agency, Taipei, July 7) The Labor Pension Fund Bureau of the Ministry of Labor announced today the results of its selection for outsourced investments of the new system labor pension, labor insurance fund, and national pension. Five entrusted institutions have been selected, with a total entrusted amount of NT$55 billion for a period of 5 years. Subsequent disbursements will be made as appropriate based on the situation.

The Labor Pension Fund Bureau previously announced that it would conduct a public solicitation for entrusted institutions for the 115th fiscal year's domestic investment relative return type for the new system labor pension fund, labor insurance fund, and national pension insurance fund. It is expected that 5 entrusted institutions will be selected based on merit. This is the first time the labor insurance fund has restarted domestic outsourced investment since 2020, a gap of 5 years.

According to the announcement, the entrusted amount for each institution is NT$9 billion for the new system labor pension fund, NT$1 billion for the labor insurance fund, and NT$1 billion for the national pension insurance fund, totaling NT$11 billion. The total entrusted amount is NT$55 billion, with a contract period of 5 years.

The Fund Bureau issued a press release today stating that after a rigorous review and selection process, 5 entrusted institutions have been selected and are eligible to sign contracts. These institutions are CTBC Investment Co., Ltd., Allianz Global Investors, Fubon Asset Management, HSBC Global Asset Management, and JPMorgan Asset Management.

The Fund Bureau pointed out that this entrustment will use the "FTSE4Good Taiwan Index Company Taiwan Sustainability Index" as a reference index. The goal is to incorporate environmental, social, corporate governance, and information disclosure aspects of sustainable development into investment considerations while balancing fund returns. Through index design and the professional investment and research resources of fund managers, diversified investment strategies and styles will be employed to disperse investment risks and enhance long-term stable returns.

The Fund Bureau stated that this entrustment is a routine fund management operation conducted according to the annual asset allocation. Subsequently, investment entrustment contracts will be signed and accounts will be opened with the 5 entrusted institutions. The bureau will continue to closely monitor domestic and international economic developments and make disbursements for this domestic investment entrustment case in a timely manner. (Editor: Li Shu-hua) 1150707

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