Reported about 1 year ago
As of May, the total assets under management (AUM) of national banks' wealth management have reached NT$1.947 trillion, with a significant increase to 8,872 clients, up by 77%. Market estimates indicate a shift towards bonds due to expectations of a year-end rate cut by the Federal Reserve, leading to a historic high bond percentage of 12.4% in May. The intense competition among 12 banks for high-net-worth clients has led to frequent ranking changes, with Mega Bank, Cathay United Bank, and First Bank exchanging top positions in April and May.
Source: YAHOO