China Life global mandates tipped to trigger wave
The mainland's largest life insurer has outsourced a series of global equity and multi-asset mandates to international managers, blazing a trail that industry peers are forecast to follow.
A landmark move by China Life to issue a series of overseas mandates is tipped to trigger a wave of global industry allocations running into hundreds of billions, spelling good news for international managers.
The Beijing-based life insurer, a national standard-bearer with Rmb1.99 trillion ($318 billion) in assets under management, recently issued two batches of mandates, one for global equities and the other for multi-asset.
The overall amount was understood to be $800 million,…
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