Fund managers quit to trade their own money in Taiwan stock boom
[TAIWAN] The world’s biggest equity rally is creating an unusual bout of Fomo among Taiwan’s professional stock pickers.
Professional stock pickers in Taiwan are forsaking lucrative financial positions to trade their own shares amid a record-breaking equity rally. Local regulations prohibit fund managers and analysts from personally owning individual stocks, pushing them towards less-regulated trading firms and private investment shops. The benchmark Taiwanese index, Taiex, surged 62 percent this year, adding $1.8 trillion in market value.
Certain stocks, such as Nanya Technology and Macronix International, have more than doubled, fueled by the artificial intelligence boom. Due to stricter trading restrictions on personal accounts in Taiwan, fund managers often end up at firms with more trading freedom. This trend is attracting attention, with institutional money managers struggling to attract top talent.
Taiwan's portfolio managers earn significantly less than their counterparts in Hong Kong and the US, with annual salaries ranging from $124,354 to $310,884 compared to $229,372 to $637,144 in Hong Kong. The allure of higher earnings and flexible investment opportunities is driving some professionals to leave traditional asset managers for private investment firms, where they can invest their own money and earn a share of the profits.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Fund managers quit to trade their own money in Taiwan stock boom straitstimes.com
