The two largest life insurers in Taiwan are set to maintain stock holdings that increased in the first half, while looking to raise their exposure to US bonds in order to find more yield.
The second-largest life insurer in Taiwan cuts its allocation to China bonds and raises its exposure to North America.
Unlike bigger peer Cathay Life, Fubon Life said it might look at investment opportunities in the domestic market as hedging costs rise along with US interest rates.
Canada's CPDQ to acquire 40% of CLP India; Chikyoren announces PE mandate; Kwap to undergo managerial revamp; Singapore's GIC to establish China fund, and more.
Cathay Life and Shin Kong Life have been upping their exposure to emerging market bonds. They and Fubon Life have also generated strong returns from high-dividend stocks.
The Bureau of Labor Funds, Cathay Life and Fubon Life are upbeat about the move to allow domestic asset managers to launch private equity funds.