City of London Investment Management Co., Ltd. sold $1.85M worth of shares in The Taiwan Fund, Inc. in June 2018

Jul 08, 2018
Insider Transactions
Background Information
CLIM seeks to provide long-term capital growth via active management, primarily via closed-end funds. They have a value oriented investment philosophy. The first step of their investment process is the collection of relevant economic data on developed, emerging and frontier markets by the firm’s macroeconomic team. For step 2, the collated information is analyzed. Finally, at stage 3 the bottom-up selection occurs. Using a dynamic and ongoing process, the investment team reviews the recommendations made by the macroeconomic team at Stage 2, then re-ranks the asset or country allocation based upon the relative value available within the CLIM universe of securities. The firm’s investment strategies are distinctive as they capitalize on the pricing inefficiencies and discount anomalies existing in the closed-end fund sector as opposed to traditional analysis of equities, fixed income or other asset classes.
The Taiwan Fund, Inc. is a diversified closed-end investment company, which engages in the equity securities investments listed on the Taiwan Stock Exchange. The company was founded on December 23, 1986 and is headquartered in Boston, MA.