Shin Kong Life raising EM debt exposure
The Taiwanese insurer plans to overweight emerging-market government debt and foreign corporate bonds this quarter, amid heavy outflows from fixed income and EM assets globally.
Taiwan’s Shin Kong Life is moving to overweight dollar-denominated emerging-market government bonds and foreign corporate credit by pouring $1.1 billion into such instruments in the fourth quarter.
This reflects a trend among Taiwanese insurance firms – such as Cathay Life and Taiwan Life – to continue buying overseas bonds despite heavy outflows globally from fixed income and emerging-market assets.
Investors are fleeing bonds, particularly in the US, in the belief that preside…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.