Sun Life Philippines looks at private deals, ESG changes
The insurer, like many others, is keen on private fixed income and private equity as it seeks to diversify its portfolio away from relatively shallow local public markets.
Sun Life Philippines, the local insurance arm of Canadian giant Sun Life Financial, plans to look at credit and private markets as part of broader asset allocation plans for 2023, a senior executive told AsianInvestor.
The insurer is also putting the final touches on a new ESG framework, which it has been developing recently.
“We would look into more onshore and offshore credits to improve both yield and duration of our portfolio,” said Ivan Corcuera, head of investments at Sun…
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