Taiwan opens door to Investec

Investec Asset Management has been granted regulatory approval in Taiwan to distribute its Global Strategy fund range. Investec is one of only six fund management groups to successfully register funds in Taiwan in the past four years. The firm already has a range available to greater China through its Hong Kong office. Investec wishes to expand into Taiwan, as it is a large market, with much potential for growth. The Taiwanese market for offshore funds is estimated to be worth some US$20bn-US$25bn. Hendrik du Toit, chief executive of Investec Asset Management, said: 'Registratio...