Chih Yun Hsu

FSIT is an active manager which aligns their investment objective with the group's strategy of offering a wide range of financial services across a variety of products, markets and segments.

AGI-TW actively manages equity funds with a focus on domestic equity. They also manage balanced funds, a global bond fund, a quasi-money market fund and a multi-manager strategy. Their sector funds in Taiwan include funds invested in biotechnology, emerging markets, eco-trends and agricultural-trends. The firm's offshore funds include global, regional and single-country equity funds and sector funds, as well as global and regional bond funds and balanced funds.

E.SUN Asset is an active, long-term manager which performs in-house research and analysis that aims to identify attractive industries and investment opportunities. They work closely with other team members and draw on the group's global financial services network for expertise. The firm seeks to construct a balanced portfolio of businesses based on client needs.

NAMT invests their mutual funds domestically and overseas. They act as an agent which represents a range of offshore fund houses, including the ING offshore fund label. In addition, they provide medium and long term product-neutral as well as holistic financial solutions. The firm invests in companies in a range of sectors including insurance, telecommunications, pharmaceutical, real estate, natural gas, and retail.

HSBC-GAM Taiwan is a GARP-oriented manager which focuses on long-term capital appreciation. They emphasize fundamental research and invest primarily in equities listed on the Taiwan stock exchange, complemented with bonds and convertibles. They are self-described 'business cycle investor' following a combination of value- and growth-oriented investment approaches. They typically favor the technology sector, in particular industries such as telecommunications, electronics, semiconductors and personal computing. The firm combines top-down sector allocation and bottom-up security selection, seeking to invest in Taiwanese companies with growth potential, a competitive edge on export markets, strong technology, efficient R&D, quality management, a favorable regulatory environment and access to low-cost labor and raw materials. Key selection criteria include profit margins, return on investment and capital resources. Research is shared within HSBC. The group's Global Investment Strategy Group (GISG) defines monthly a macro investment strategy covering global economic projections, fixed-income expected returns, Forex projections, regional equity market performance expectations and global views on key sectors. Local specialist teams perform fundamental research including company visits.