Taiwan’s Public Service Pension Fund: Hedge fund ETFs are a great idea
From Asianinvestor.net: Plagued by underfunding and mismatches in assets and liabilities, like many other defined-benefit pension funds in Taiwan, the Public Service Pension Fund (PSPF) is thinking about ways to resolve an expected crisis when it will not have enough cash to pay out its pension participants.
Tsay Feng-Ching, vice-chairman of the PSPF management board in Taipei, speaking at AsianInvestor's fourth Annual Taiwan Institutional Investment Forum this week, says the Ministry of Finance and the PSPF have long considered the possibility of introducing a defined-contribution system alongside its present defined-benefit scheme… Full article: Source
PXP launches Vietnam's first open-ended fund
From Asianinvestor.net: PXP Vietnam Asset Management, which manages $120m in listed and pre-listed Vietnamese equity, has a big few weeks ahead of it. The Ho Chi Minh City-based firm is about to launch its first open-ended fund, and to list its flagship PXP Vietnam Fund on the main board of the London Stock Exchange (LSE). The firm has converted the $12m closed-end Vietnam Emerging Equity Fund into an open-ended vehicle … Full article:......................
To view our full article Click here