Taiwan's Bureau of Labor Funds (BLF), the largest pension fund in the country, has taken steps to reduce its exposure to US dollar-denominated assets, managing nearly NT$9 trillion (around $286 billion) in retirement and insurance assets. This decision comes amid increased market volatility and a global trend towards de-dollarization, as investors express caution regarding the unpredictability of US economic policies. Astraea Lin, director of BLF’s Foreign Investment Division, highlighted the need for diversification across currencies and assets to mitigate risks associated with any single market. Despite this shift, Lin acknowledged the US dollar's resilience, citing its market depth and liquidity as significant advantages. The BLF currently allocates over half of its assets overseas, primarily in equities and fixed income, and is looking to support Taiwan's ambitions to become a regional financial hub through its investments. As part of its strategy, the fund has mandated that participating managers submit detailed long-term plans aimed at developing the local capital market, with a focus on establishing offices and expanding staffing in Taiwan.