is selling its Taiwanese fund portfolio to Taiwan Life Insurance
. The four mutual funds hold some $51 million of assets, according to a Dow Jones Newswires
report. Terms and pricing of the transaction were not disclosed.
Zurich officials said the sale was made as part of the companies plans to focus on its core insurance business.
Zurich sold its Zurich Scudder U.S. fund business to Germany's Deutsche Bank in 2001.
Stay ahead of the news ... Sign up for our email alerts now