Taiwan's Bureau of Labor Funds awards $3 billion infrastructure mandate to five managers

Taiwan's Bureau of Labor Funds has completed selection of five external managers, Amundi, BNP Paribas Asset Management Europe, Geode Capital Management, Northern Trust Asset Management Australia and State Street Global Advisors Singapore, for a $3 billion overseas infrastructure securities mandate spanning the Labor Pension Fund, Labor Insurance Fund and National Pension Insurance Fund. Each manager will oversee $600 million over a five-year term, benchmarked to the FTSE Global Core Infrastructure ex China TPI Climate Transition Index. 

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