Bureau of Labor Funds reports healthy returns

SOLID GAINS: Driven by the AI craze, the funds managed by the bureau, led by the Labor Pension Fund, saw robust returns in the first six months Labor funds administered by the Bureau of Labor Funds reported a return of 28.46 percent in the first half of this year, driven by a boom in the global equity market amid demand for artificial intelligence (AI) products, data released by the bureau showed yesterday.The accumulated gains in the value of assets in the funds’ portfolios and income on investment was about NT$2.2 trillion (US$67.82 billion) from January to June, after these funds posted NT$77.1 billion in gains in June, the bureau said in a statement.As of the end of June, the combined value of the funds the bureau manages — including the Labor Pension Fund, the Labor Retirement Fund, t