Reported 12 months ago
According to reports, Taiwan's three major government funds - Labor, National Insurance, and Pensions - are expected to challenge a record-breaking profit of over 1 trillion NT dollars in the first half of 2024. Boosted by the surging U.S. and Taiwan stock markets, the funds saw profits soaring to 748.4 billion NT dollars from January to May, pushing their total assets above 8 trillion NT dollars. With the stock markets continuing to rise, the funds are poised to achieve a trillion-dollar profit by the end of the first half. Looking ahead to the second half of the year, officials are optimistic about the funds' performance due to favorable economic conditions, loose monetary policies, and upcoming elections in both Taiwan and the U.S., which are expected to support the stock markets further.
Source: YAHOO