Legal & General Investment Management

The arrival of new regulations and accounting standards across Asia has meant that many Asian insurers are seeing mark-to-market movements affecting their balance sheets. For those not employing careful asset and liability managing (ALM) strategies, this can result in painful volatility in accounting profit and loss, as well as insolvency says LGIM’s James Hayes.

After three years of zero-Covid, China is back. This year promises to be a good one for the domestic economy. However, we believe the recovery will differ from other countries' by being less commodity-intensive and coming with fewer positive spillovers to the West, says Erik Lueth, global emerging market economist at Legal & General Investment Management.