Taiwan’s BLF appoints seven managers for domestic ESG mandate

Taiwan’s Bureau of Labor Funds (BLF), supervisor of the island state’s government pension funds, has appointed seven asset managers for its NT$42 billion (US$1.43 billion) domestic environmental, social, governance (ESG) equity mandate, Asia Asset Management (AAM) has learnt.

They are Cathay Securities Investment Trust Co, Capital Investment Trust Corp, Fuh Hwa Securities Investment Trust Co, Taishin Securities Investment Trust Co, Allianz Global Investors Taiwan, President Securities Investment Trust Co, and Prudential Securities Investment Trust Co.

Each manager will receive NT$6 billion in funding.

Read More: Asia Asset