ICBC-Axa goes off alt debt, eyes overseas allocation
ICBC-Axa's CIO talked about the insurer's asset allocation plans and which overseas markets to avoid at AsianInvestor’s 5th China Global Investment Forum.
ICBC-Axa is set to lower its allocations to non-standard debt due to the rising credit risks, bucking the trend seen elsewhere in the Chinese insurance industry as demand for longer-dated debt grows and broadens out.
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