Yuanta aims to boost fund size to NT$400 bil.

The asset management firm currently runs funds totaling NT$294.8 billion, translating into market share of 16 percent, the highest in Taiwan.

“Last year, total funds operated by Taiwan's asset management firms increased by NT$110.5 billion, or 6.36 percent, compared to 2011,” said Liu Tsung-sheng, general manager of Yuanta Securities Investment Trust. “There are five firms with funds surpassing NT$100 billion, and Yuanta holds a solid lead among them.”

The company, a merger between Yuanta and Polaris, will capitalize on the synergy that both firms have created and boost the size of the funds to NT$400 billion by the end of the year, he said.

“During the first quarter we'll raise new funds, with a particular focus on funds linked to investment-grade bonds, one of the best types of bonds there is,” he said. “In the midst of the global downturn, we'll provide products that are less volatile to help investors diversify risk.”

As for stock-linked funds, Liu cited funds linked to Chinese stocks, which have gained traction since the end of last year and have been viewed favorably by investors.

“It is obvious that the inclusion of China-related products in any investment portfolios has become increasingly inevitable,” he said.

He added the company will begin to trade Chinese stocks or other renminbi-related products once the cross-strait currency clearance mechanism takes effect.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	Loss for Acer in alleged fraud at about NT$15 million: firm

NEXT ARTICLE
Taipei City announces plans to create 4,000 jobs with cloud computing park

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit