Taiwan's Bureau of Labor Insurance has granted $865m (€623m) of mandates to six overseas managers to put money into international equities and bonds, continuing a trend of increasing foreign investment by Asian government funds.

State Street Global Advisors and Vanguard Investments have each won a $200m mandate to run the fund's passive fixed-income assets while Swiss asset manager Vontobel Asset Management won a global emerging markets mandate and Janus Capital gained a US equity portfolio, each worth $150m.