Shin Kong Life adds EM debt, sells foreign stocks

Shin Kong Life will continue to rotate its government bond allocation from developed markets into emerging markets in search of higher yields, and is shying away from foreign stocks amid elevated global uncertainty. Today AAA-rated, so-call risk-free debt does not provide enough yield and cannot be a core part of the portfolio, said Stan Lee, senior vice president of Shin Kong Financial Holding, the parent of the Taiwanese insurer. He also pointed to the upward trend in long-term …