The funds managed by the bureau, such as the Labor Pension Fund, the Labor Retirement Fund, the Labor Insurance Fund, the Employment Insurance Fund and the Arrear Wage Payment Fund, posted gains of NT$470.98 billion during the six-month period, for a rate of return of 8.59 percent. The new Labor Pension Fund, launched in July 2015, had NT$3.79 trillion in assets as of the end of June, the most of any of the labor funds, and reported a rate of return of 8.38 percent in the first half, the bureau said. Overall, the funds managed by the Bureau of Labor Funds had combined assets of NT$5.86 trillion as of the end of June and generated NT$178.08 billion in returns in June alone. Bureau of Labor Funds Deputy Director-General Liu Li-ju (劉麗茹) said the funds the agency manages have built positions in electronics stocks because the nation’s electronics industry, including TSMC, has stayed ahead of its peers in terms of global competition. From January 2013 to June this year, the funds have had an average 4.99 percent rate of return, she said.

Source: Taipei Times August 03, 2023 18:37 UTC