MetLife eyes private assets amid downturn fears
The US insurer's Asia operations intend to respond to a prolonged rising interest rate environment by investing more into commercial mortgages and private debt.
After a year of robust growth in global markets in 2017, the emergence of pointers to a potential economic downturn has left US insurer Metlife looking to add to its positions in what it considers to be the relative safe haven of private assets.
Chuck Scully, chief investment officer for Asia at MetLife, pointed to several concerns.
“There are areas where there could be pockets of volatility [in the coming few years] because of trade tensions and potential breakouts of inflatio…
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