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Cathay Life to add $3bn in foreign bond exposure

Christina Wang
Following a substantial increase in its cash holdings in the first quarter, Taiwan's biggest life insurer will increase its already chunky allocation to offshore debt.
Cathay Life to add $3bn in foreign bond exposure

Taiwanese insurer Cathay Life will invest NT$100 billion ($3 billion) of its newly expanded cash holdings into foreign bonds, which outperformed overseas equities in its portfolio in the first quarter of this year (by 4.8% to 3.8%, before hedging).

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