Foreign fund managers circling Taiwan looking for potential acquisitions or joint ventures say the most appealing target at present is International Investment Trust ITT, Taiwan's original domestic fund house. It was established 16 years ago as a joint venture including foreign and domestic partners. It runs the New York-listed Republic of China Fund, which was the first vehicle foreigners could use to invest in Taiwanese securities.
It has always been considered one of Taiwan's top four domestic houses, along with China Securities Investment Trust, Fubon Securities Investment Trust and Capital Investment Trust. Today, IIT is not even in the top 10, in terms of assets under management. But due to its pedigree, it...
