Top Taiwan Fund Buying Higher-Yielding Europe Debt on ECB Cash
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Taiwan’s best-performing debt fund is buying Russian, Romanian and Turkish government bonds as the European Central Bank’s injection of funds into lenders helps ward off a cash crunch.
Bryan Wang, who manages NT$6.1 billion ($207 million) of assets as a manager at Fuh Hwa Securities Investment Trust Co., said he added the securities to this year. His Emerging Markets High-Yield Fixed-Income Fund returned 7.9 percent in 2012, the most of 115 debt funds in Taiwan tracked by Bloomberg.