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Brief: Eastspring Investments Taiwan To Start Raising Assets For Upcoming Fund Of Funds Product In May

TAIPEI, April 20 (Reuters) - Eastspring Investments, a unit of Prudential Financial Inc PRU.N, said at a news briefing in Taipei on Monday:

TO START RAISING ASSETS FOR UPCOMING FUND OF FUNDS PRODUCT IN MAY TO BE LAUNCHED IN TAIWAN

NEW FUND OF FUNDS WILL HAVE ALLOCATIONS OF 30% EACH FOR TAIWAN STOCK ETFS AND GLOBAL STOCK ETFS, AND 35% FOR GLOBAL BOND ETFS

TAIWAN STOCKS WERE SECOND-BEST PERFORMING IN GLOBAL MARKETS AFTER SOUTH KOREA STOCKS .KS11

Source text: [ID:]

Further company coverage: .TWII

 (Reporting by Faith Hung)

 ((faith.hung@thomsonreuters.com;))

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