Taiwan’s $286 Billion Pension Fund Trims Its Dollar Exposure

Taiwan’s largest pension fund has reduced some of its US currency exposure amid heightened market volatility and a broader global reassessment of dollar assets.

The Bureau of Labor Funds, which manages nearly NT$9 trillion ($286 billion) in retirement and insurance assets, recently lowered dollar-denominated equity and fixed-income exposures in mandates overseen by external asset managers, according to Astraea Lin, director of BLF’s Foreign Investment Division. She didn’t provide specific figures.