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Sovereign Wealth Funds Briefing - Categorized | Market, People

Integration not necessarily a ’sovereign fund’

Posted on 23 November 2012

The combination of the four major government funds does not necessarily have to be called a “sovereign fund,” said Chang Sheng-ford, Minister of Finance. Chang made the remarks during a hearing at the Legislative Yuan, following criticism for his earlier remarks that the ministry is not ruling out combining the four funds to form Taiwan’s “sovereign fund,” which would be used to invest in a variety of products abroad.
The four funds — the labor pension fund, the labor insurance fund, the civil servants pension fund and the postal fund — are all made up of taxpayers’ money and exist for the purpose of supporting laborers and civil servants after they retire………………………………………..Full Article: Source


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