Janus Capital Group, the US-based asset management firm, is set to open a branch in Taipei in response to the growing demand for investment products from Taiwanese investors. 

The new branch is set to open in the third quarter of 2012, subject to regulatory approvals. As of 30 June, the company records some $152.4 billion in assets under management for over 4 million clients worldwide.

"Not only is Taiwan important in our expansion plans in Greater China, it has also been a vibrant market in terms of retail fund sales," said Bruce Chen, sales director for Janus Capital Asia at a press briefing in Taipei. 

Janus Capital will begin with four staff in its Taiwan office, Chen said, but will expand if necessary. Beyond the US, the company's offices are in London, Milan, Tokyo, Hong Kong, Melbourne and Singapore.