Why Dai-ichi Life is paring equities and adding bonds

Going against a trend among its peers, Dai-ichi Life is looking to reduce interest rate and equity risk in its portfolio as the large listed Japanese insurer is in an effort to strengthen its capital position. It is set to rely more on alternative investment exposure to generate yield. The firm, which has some ¥37.7 trillion ($361.4 billion) in investment assets, is reducing its domestic equity exposure and increasing its holdings of yen-denominated corporate and government bonds …