Taiwan Financial Groups’ Asset Managers Post Strong 2025 Profits as Industry Enters New Phase of Scale and Consolidation

Economies of scale are becoming increasingly important in Taiwan’s asset-management market, driven by the concentration of funds in ETFs and the distribution advantages of financial holding companies. Fubon Asset Management merged with Jih Sun Securities Investment Trust in April 2025, E.SUN Financial Holding acquired Prudential Financial Securities Investment Trust in July, and Taishin Securities Investment Trust merged with Shin Kong Securities Investment Trust on November 24. Competition has expanded beyond product performance to encompass assets under management, distribution and operating efficiency.

Nearly all asset managers owned by financial holding companies returned to profitability in 2025, but the gap between the leaders widened. Yuanta Securities Investment Trust ranked first with net profit after tax of NT$4.182 billion, followed by Cathay Securities Investment Trust at NT$2.388 billion, Fubon Asset Management at NT$1.318 billion and CTBC Investments at NT$883 million. Boosted by its merger and ETF inflows, Fubon’s profit rose 51.9% from a year earlier. Taishin’s profit increased 33.5% after it integrated Shin Kong’s resources.