Global funds network Calastone has captured nearly all of Taiwan’s market share in fund automation.
Calastone has secured over 95 percent of fund distributors in Taiwan for its services, specifically with regard to automated order routing, according to a statement.
This follows the establishment of its Taipei office in January 2023. The firm has since added 12 individuals to a local team made up of domestic as well as international talent relocated from hubs like Hong Kong and the UK.
Contingent Deferred Sales Charge
In addition to fund automation, Calastone will look to further digitalization in Taiwan through other services including the management of contingent deferred sales charge (CDSC) data. Its CDSC solution currently has three clients with more expected to go live later this year.
«Clients and industry participants are increasingly demanding digital solutions that enhance operational efficiency and scale as competitive pressures rise,» said Justin Christopher, head of Asia at Calastone. «Equally important is repositioning fund platforms to better meet the needs of end investors through enhanced experiences and unique offerings».
Taiwan’s asset management industry currently has over $400 billion in assets, according to data from a local association. In the first half of 2024, Calastone data indicated that fund inflows grew 30 percent year-on-year to $3.1 billion, driven by domestic and foreign investor interest.
