The labor fund’s performance soared. Income in the first eight months has doubled last year.

Taiwan stocks continue to rise, driven by large-capitalization stocks, driving the Labor Fund's book income to continue to hit historical records. Not only did the income in the first eight months of this year reach 2.3227 billion yuan, twice the 1.11773 billion yuan last year; The top five monthly gold revenue records all occurred this year. In order, they were 1.10478 billion yuan in April, 586 billion yuan in May, 418.4 billion yuan in February, 394.68 billion yuan in January, and 366.67 billion yuan in August.

The Labor Fund Utilization Bureau announced today (1) the latest performance of the overall labor fund. As of the end of August 2015, the overall labor fund scale was 9.1092 billion yuan, with income of 2.3227 billion yuan, and a rate of return of 29.45%. If the entrusted management of the National Pension Insurance Fund and the Farmers' Retirement Fund are included, the total utilization scale reaches 1.0464 billion yuan, the yield is 29.34%, and the income is 2.508 billion yuan.

Liu Liru, deputy director of the Bureau of Labor Fund Utilization, pointed out that for funds with more than 9 trillion yuan in labor funds, the normal proportion of foreign asset allocation accounts for about 50% of the total investment. As of the end of August, the proportion of foreign assets was slightly higher at nearly 53%; among other domestic assets, the proportion of stock allocation remained at about 26% of the total assets, and the rest included cash, short-term bills and domestic and foreign bond positions.

This year, the main drivers of labor fund income hitting new highs are still large-capitalization stocks such as domestic semiconductors and AI supply chains. Liu Liru pointed out that domestic investment is mainly based on stocks, and is concentrated in industry leading stocks and weighting stocks with good fundamentals and long-term development potential. The investment philosophy focuses on long-term holding strategies. As long as there are promising industry trends, long-term investments will be made and will not follow short-term market fluctuations.

As we enter the fourth quarter, in the face of the brilliant performance in the first eight months of this year that has already hit a multiple of last year's full-year earnings, how does the Labor Fund Management Bureau anticipate the market performance in the fourth quarter? Liu Liru emphasized that the Labor Fund will not make too many guesses about a very short-term single quarter. As long as it is optimistic about the long term, short-term market fluctuations are inevitable, but as long as the investment direction is in line with the long-term trend, it will eventually return to the upward track.

Liu Liru emphasized that the trend of AI "is not just for 2 or 3 years." Since the investment performance in the first eight months of this year has doubled compared with last year, on this excellent basis, the media asked Liu Liru whether the overall performance this year is worth looking forward to? Liu Liru smiled and did not deny it.