The Taiwan Fund, Inc. Announces that Nomura Asset Management U.S.A. Inc. has Commenced Managing the Fund's Portfolio
The Taiwan Fund, Inc. (TWN) announced on September 19, 2022, that Nomura Asset Management U.S.A.
Sentiment and the balance of points
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Rhea-AI Summary
The Taiwan Fund, Inc. (TWN) announced on September 19, 2022, that Nomura Asset Management U.S.A. Inc. will now manage its portfolio. The Taiwan Fund is a closed-end investment company focusing on long-term capital appreciation through investments primarily in equity securities listed on the Taiwan Stock Exchange. TWN shares are traded on the New York Stock Exchange. For further details about the Fund's holdings, visit www.thetaiwanfund.com.
Positive
- Nomura Asset Management U.S.A. Inc. is a reputable firm, potentially enhancing the Fund's portfolio management.
Negative
- No specific performance metrics or expected impacts on returns were provided, leaving uncertainty about future performance.
Details
News Market Reaction – TWN
The recorded move for TWN in the trading session of this news was -0.82%.
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BOSTON, Sept. 19, 2022 /PRNewswire/ -- The Taiwan Fund, Inc. (TWN) (the "Fund") announced today that Nomura Asset Management U.S.A. Inc. has commenced managing the Fund's portfolio.
The Fund is a diversified closed-end investment company, which seeks long term capital appreciation primarily through investments in equity securities listed on the Taiwan Stock Exchange. Shares of the Fund are listed on the New York Stock Exchange under the ticker symbol "TWN."
For additional information on the Fund, including information on the Fund's holdings, visit the Fund's website at www.thetaiwanfund.com or call 1-800-426-5523.
View original content:https://www.prnewswire.com/news-releases/the-taiwan-fund-inc-announces-that-nomura-asset-management-usa-inc-has-commenced-managing-the-funds-portfolio-301627608.html
SOURCE The Taiwan Fund, Inc.
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