NTUC Income boosts PE, property exposure

Insurance firms are finding it tough to fund their liabilities in the current low-interest-rate, low-yield environment, but one way they are tackling the issue is by boosting their alternatives exposure. Singapore’s NTUC Income, for example, has raised its combined property and private equity exposure to 15%, from 10% of its portfolio over the past three years. It aims to raise this allocation further at the expense of its equities holdings. The firm, with $19.3 billion in AUM, …