Asia's scramble for dividends gets moving
To help buoy returns, managers of large pools of money are looking to dividend-paying stocks with manageable volatility
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HOW do you stop life insurers and pension funds from drowning in cash? Let them float on a thicker cushion of equity.
Taiwan's Financial Supervisory Commission did just that recently when it lowered the risk-based capital requirement for insurers. The change, combined with an upcoming tweak in pension funds' investment mandate, could help the local stock market attract between US$25 billion and US$35 billion over the next five years, according to Credit Suisse. That's a lot, considering that foreigners only bought about US$34 billion of Taiwan equities in the nine years through 2015.
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