Fuh Hwa Securities Investment Trust: Plans to Launch New Global Tech Fund in August
QQQ•Planned allocation and strategy
- About 50% of the new fund would be invested in U.S. tech stocks.
- Around 30% would be invested in Taiwan tech stocks.
- Investing about 30% of the new global tech fund in Taiwan stocks was justified by price discounts from recent market pullbacks.
Fuh Hwa plans new global tech fund
TAIPEI, July 27 (Reuters) - Fuh Hwa Securities Investment Trust, Taiwan's fifth-largest investment fund manager with T$1.48 trillion ($45.82 billion) in client assets under management, said at a briefing on Monday that it plans to launch a new global tech fund in August.
View on Asia stocks and fund management
The company said it sees challenges for Asia stocks to rise in the short term due to foreign fund outflows.
The new fund would be co-managed by three fund managers, each of whom now manages more than T$20 billion in assets.
