The manager of China’s National Social Security Fund is considering the move due to sub-par performances. And so are a few other asset owners in greater China.
Researchers see smaller Chinese life insurance companies following the big players in outsourcing more to external fund managers, including overseas.
Eager for more foreign exposure, mainland insurers are having to think more strategically about how they invest overseas in light of the freeze on approvals of new QDII quota.
Many are adopting tail-risk protection into their asset allocation strategies, but a conference hears how they are also seeking to diversify to counter high domestic inflation.