APAC life insurers gear up to reposition fixed income
Rising yields create an attractive environment for big fixed income allocators such as life insurance companies, but portfolio repositioning is a double-edged sword — especially if one is carrying unrealised losses from last year’s market downturn.
Asia’s life insurance companies' toolkit for fixed income strategies are now filled with more choices, as 2023 shapes up to be the year of fixed income under rising yields.
“Persistently high inflation, high rates, and high volatility created a new investment landscape insurers have not faced in decades,” said Rick Wei, head of Asia ex-Japan insurance strategy at JP Morgan Asset Management. “For 2023, Asia-Pacific insurers are showing a strong interest in overseas investments due …
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