Who is eligible for Cathay Asset Management's compensation?

Beneficiaries of affected mutual funds and discretionary management accounts.

Will compensation be processed automatically?

Yes, funds will be credited automatically. Affected clients will receive individual notices.

Was this incident illegal?

No, it was a voluntary compensation based on fiduciary principles, not legal violation.

Cathay Financial Holding Clarifies Media Report: Subsidiary Cathay Asset Management to Compensate Investors with NT$948 Million

Published Jun 27, 2026 9:00 AM ・ Updated Jun 27, 2026 2:55 PM ・ 2 min read ・ Source: PR Times

Cathay Financial Holding announced that its subsidiary, Cathay Asset Management, will compensate affected mutual fund investors approximately NT$948 million after media reports highlighted potential breaches of fiduciary boundaries.

Release Date: June 27, 2026 Statement Date: June 26, 2026 Statement Time: 14:12:24 Company Code: 2882 Company Name: Cathay Financial Holding Subject: Clarification of Media Reports Applicable Clause: Clause 51 Event Date: June 26, 2026

Details: 1. Event Date: June 26, 2026 2. Company Name: Cathay Financial Holding Co., Ltd. 3. Relationship with Company: Parent Company 4. Cross-shareholding Ratio: Not applicable 5. Media Outlet: Economic Daily News and related media 6. Report Content: Cathay Asset Management allegedly crossed fiduciary red lines, leading to a compensation of NT$490 million 7. Cause: Not applicable 8. Response Measures: To safeguard fund beneficiaries' rights, Cathay Asset Management, a subsidiary of the company, has adopted a favorable principle to compensate affected investors. It has recalculated impacted mutual funds, resulting in a compensation of approximately NT$494 million. Additionally, compensation for discretionary management services amounts to approximately NT$454 million, totaling around NT$948 million. 9. Other Disclosures: None

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Source: PR Times
Category: News

Cathay Financial Holding Clarifies Media Report: Subsidiary Cathay Asset Management to Compensate Investors with NT$948 Million

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