Norway's sovereign wealth fund to oppose board chair appointments in Japanese companies without women; Mine Super and TWUSUPER move ahead with merger; Fukoku Mutual Life Insurance move may trigger more global bond sales; and more.
High hedging costs and a low yen have led Japanese life insurers to focus on domestic government bonds, although declining yields might also prompt them to seek out alternatives.
Vanguard launches a pension fund in Australia, the first new fund license to be approved in six years; Taiwan's Bureau of Labor Funds appoints seven asset managers - four foreign and three local; and more.
Only 11% of Asia asset owners’ portfolios have been invested in environmental, social and governance assets or ESG-related strategies, says a new report.
The firm’s separate accounts division may lock in gains and buy on dips if Japanese equities rise further. It has raised exposure to foreign stocks and may in international bonds as well.