Prudential Indonesia hunkers down with asset shifts

Sep 10, 2020

The insurer's CIO outlines how the firm is positioned after initially losing one-fifth of its assets during the pandemic. Jakarta’s lockdown and the tech share sell-off will test that strategy.

Prudential Indonesia hunkers down with asset shifts

Prudential's Indonesia business enjoyed an asset rise of 6% in the second quarter following gains in local and overseas stock markets, helping claw back some of the losses it suffered during the first three months of 2020. However, it has had to adjust its strategy again as a new round of lockdowns in the capital Jakarta threatens to put more downward pressure on the life insurer's portfolio.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to AsianInvestor

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

If you are a senior professional at a large institutional asset owner, such as a sovereign wealth fund or pension fund, please contact [email protected] for further assistance.

Questions?

See here for more information on licences and prices, or contact [email protected]