First Taisec Capital Management Inc (一銀投顧), a subsidiary of First Financial Holding Co (第一金控), yesterday launched five Aviva Investors' funds for sales to its 5 million domestic clients.
The five funds — the European Socially Responsible Investment Fund, the Global Convertibles Fund, the European Real Estate Investment Trust (REIT) Fund, Global REIT Fund and the European Convergence Equity Fund — would be sold at its 190 local outlets, including one that opened yesterday.
“We believe now is a perfect time for us to introduce our socially responsible investment fund to local investors as green energy awareness and corporate social responsibility have gradually taken hold in Taiwan in the past two years,” Vina Cheng (鄭沛婕), business development director of Morley Fund Management Business under Aviva Asia Pte’s Taiwan branch, said at the sidelines of the product launch.
Aviva’s socially responsible investment fund, which invests in energy, medication and biotech companies, had a fund size of 79.49 million euros (US$123.3 million) with a five-year return rate of 97 percent as of the end of March.
As for the other four, the Global Convertibles Fund had US$872.86 million, the European REIT had 166 million euros, Global REIT had 56.49 million euros and the European Convergence Equity had 236.11 million euros.
Speaking at the launching ceremony, Adam Lessing, head of Morley’s European business development, said that Taiwan had become an important market for Aviva’s expansion into Asia.
“Taiwan is an extremely important market for us with a market size of US$115 billion in funds,” he said.
READJUSTMENT? Despite the rumors, a senior Google official said that the company plans to expand its AI research center in Taipei’s Shilin District Google Taiwan is reducing its workforce as the company continues to adjust operations to improve efficiency and focus resources on core goals, the Chinese-language Liberty Times (sister paper of the Taipei Times) reported yesterday. The Alphabet Inc unit said the organizational adjustments have begun and would continue, even though it did not put a figure on the number of potential job cuts or specify the affected departments in its Taiwan operations. The company’s response came after rumors circulated on social media about major job cuts at Google Taiwan. Some posts said the downsizing would target the company’s consumer electronics-related departments
Taiwanese aircraft maker Aerospace Industrial Development Corp (AIDC, 漢翔航空) yesterday announced that it has secured a 20-year partnership agreement with Canada-based Bombardier Inc. The two companies held a ceremony in Taipei yesterday to exchange signed copies of the agreement, launching the 20-year partnership under which AIDC would supply cockpit and forward fuselage structural components for Bombardier’s super-midsize Challenger 3500 business jets, the Taiwanese company said. The agreement represents a new milestone in cooperation between the two companies, which dates back to 1999, with the Taiwanese supplier having provided rear fuselage structural components for more than 1,000 Challenger 3500 aircraft, it
FOUNDRY DATA: Demand pushed production on some TSMC lines to full utilization, while Samsung’s market share of 5.9 percent dropped, TrendForce said Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) foundry market share edged up to 72.5 percent in the second quarter from 72.3 percent in the previous quarter, propelled by robust artificial intelligence (AI) and smartphone chip revenue, data compiled by market researcher TrendForce Corp (集邦科技) showed yesterday. TSMC’s revenue last quarter grew 12 percent sequentially to US$40.2 billion, outpacing the 11.5 percent average growth among the world’s top 10 foundry companies, the researcher said. Combined revenue of the top 10 is expected to grow further this quarter from US$53.49 billion last quarter, supported by strong demand and price hikes, it said. The increased demand has
Global notebook computer shipments are expected to fall 8 percent year-on-year to 167.9 million units this year, dragged by weak demand, high component prices and supply constraints, the Market Intelligence and Consulting Institute (MIC) said on Tuesday. Next year, shipments are expected to decline by a further 4.7 percent to 160 million units as higher retail prices weigh on consumption, MIC deputy director-general Edward Lin (林柏齊) told a news conference in Taipei. The downtrend is expected to extend into 2028, with replacement demand unlikely to recover before supplies of key components rebound and costs decline, Lin said. Surging demand for artificial intelligence (AI)
RSS