The insurer is turning to private equity as part of a search for more investment diversification and yield, says Hong Kong CIO Jethro Goodchild. Infrastructure debt is also gaining appeal.
Hong Kong tycoon Richard Li's Pacific Century Group conglomerate has moved Paul Carrett from life insurance subsidiary FWD to become chief investment officer of its operation.
Life insurance firms in the country look set to allocate more assets into local fixed-income rather than venture overseas, even as more foreign players buy local players.
The Hong Kong-based insurer has hired from rival Generali to fill the newly created role, having rapidly expanded its investment portfolio with several recent acquisitions.
Regional bonds offer great interest to investors and issuer alike. Hong Kong’s bond market offers a rare opportunity, said speakers at a webinar.
FWD and HSBC executives explained in an AsianInvestor webinar that regional bonds should suffer less than others from rising default and geopolitical risk.