TOKYO, Oct 23 (Reuters): Sumitomo Life Insurance plans to increase investments in risk assets such as stocks and foreign bonds, to boost income as global bond yields are expected to stay depressed, a top investment planning official said on Wednesday.
Japanese life insurers collectively hold about 370 trillion yen ($3.4 trillion) of assets under management and have been a big player in US and European bond markets for many years as the Bank of Japan's aggressive easing has shrunk domestic bond yields.
Sumitomo Life to raise investments in stocks, foreign bonds
FE Team | Published: October 23, 2019 23:35:01
Sumitomo Life to raise investments in stocks, foreign bonds
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