Taiwan fund open to investment

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TAIWAN - Taiwan's US$3.4bn public sector pension fund will soon be open to stock market investment and foreign currency deposits after the recent pension bill set up a management commission to supervise its assets.

Currently all assets are held in bank accounts and at the mercy of interest rates. By the end of January funds had only grown by $7.98m. Council of Labour Affairs Chairman Lee Ying-yuan said: “I...

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