Taiwan’s Bureau of Labor Insurance (BFI) is issuing a new batch of global equity mandates worth $600 million, Asian Investor reports. The new mandate may invest in developed-market equities and will increase the institution’s overseas equity portfolio by almost a third.
The insurance bureau is also seeking to appoint three investment managers to each run a segregated $200 million portfolio. The new mandate, which will mature in five years, will boost BLI’s overseas equity allocation from 13% to 17% of its $14.4 million of assets under management.