Taiwan’s Fubon Asset Management unveiled a new multi-asset fund featuring Bitcoin ETF exposure, capitalizing on regulatory changes that allowed domestic funds to invest in overseas cryptocurrency products for the first time.
The Financial Supervisory Commission approved investment in overseas passive Bitcoin ETFs in February 2025, limiting multi-asset funds to maximum 5% allocation in such products. Fubon’s “Dual-Core Strategic Multi-Asset Fund” becomes among the first to utilize this regulatory opening, scheduled to begin fundraising August 4.
The fund employs what the company calls a “dual-core strategy,” monitoring both corporate earnings drivers and geopolitical risk factors through a proprietary Global Turbulence Score system. Asset allocation includes global bonds, gold ETFs, and Bitcoin ETFs, with portfolio volatility controls based on market conditions.
Fund manager Chen Zhen-yi emphasized the strategy moves beyond traditional single-core approaches reliant on corporate profit growth. The inclusion of Bitcoin ETFs reflects institutional demand following recent U.S. regulatory developments, where Congress passed cryptocurrency legislation establishing federal oversight frameworks.
Chairman Huang Zhao-tang positioned the fund as balancing opportunity capture with defensive positioning during heightened market uncertainty. The launch comes as U.S. tariff measures take effect August 1, adding to geopolitical tensions and persistent inflation concerns affecting global markets.
Taiwan’s crypto ETF approval represents a measured approach to digital asset exposure, restricting access to specific fund types while maintaining strict allocation limits. The regulatory framework requires amended trust contracts and enhanced risk disclosure in fund prospectuses.
