With a new regulatory regime in the making, the lifers’ relatively high allocation to domestic equity will incur a higher cost, and selling off can be either boom or bust.
As interest rates have started to move, the larger Japanese life insurers consider either unhedged US investments, or aiming for the eurozone.
Even China is concerned about its Russia exposure; AIA puts on its acquisition hat; SFC fines HSBC Securities Brokers (Asia) HK$6.3 million; HKMA issues bonds; Canada Pension Plan Investment Board (CPPIB) invests $350 million into Indian commercial space; and more ...
Ping An to push forward with real asset investments despite headwind; Nippon Life's PRI appointment boosts Japan’s ESG push; how crypto firm licences could prompt investments; global asset owners' growing appetite for Chinese government bonds; rating agencies in China under pressure amid bond defaults; and more.
Aussie pension funds to get rated; Japan Post Insurance shifts approach to sustainable investing; CEO of Philippines' SSS resigns; GIC voices concerns about market environment; and more.
Australian superannuation funds barely break positive in 2018; Nippon Life aims for US and Asia alliances; Korea's KTCU gets new CIO; NPS eyes greater overseas, alts exposure, and more.
Two of Japan's huge life insurers plan to heavily boost their local and foreign corporate bond allocations. This will increase the risk and reduce the duration of their portfolios, says Moody's.